Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157826
Authors: 
Bichler, Shimshon
Nitzan, Jonathan
Year of Publication: 
2008
Abstract: 
Over the past decade, soaring commodity prices have had a relatively minor impact on the overall level of prices, at least by historical standards. Whereas oil is twelve times more expensive now that it was in 1999, consumer prices in industrialized countries are only 20 per cent higher. This short note explains why the sluggish response of inflation may be about to change.
Subjects: 
capital
high-tech
inflation
Middle East
oil prices
stagflation
URL of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Preprint

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