Oil Shocks Have Smaller Impact on US Than 1970s, Fed Study Finds
Domestic production of oil has significantly reduced the impact of energy-price shocks on US inflation and unemployment since the 1970s, according to new research from the Federal Reserve Bank of...
By Maria Eloisa Capurro · Bloomberg Markets
Domestic production of oil has significantly reduced the impact of energy-price shocks on US inflation and unemployment since the 1970s, according to new research from the Federal Reserve Bank of Boston.