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    U.S. Economy’s Resilience to Oil Price Shocks

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    Published on Friday, November 28, 2014

    U.S. Economy’s Resilience to Oil Price Shocks

    Summary

    Economic cycles are more resilient to short lived oil price shocks. Long-term oil price changes have a strong effect on GDP growth. The cost of production appears to be less sensitive to oil-price changes

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    Shushanik Papanyan

    Documents and files

    Report (PDF)

    141126_US_EW_MacroOilEffects

    English - November 28, 2014

    Report (PDF)

    141126_US_EW_MacroOilEffects_esp

    Spanish - November 28, 2014

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