Oil Prices and Economic Activity: Is the Relationship Symmetric?

Javier F. Mory

The Energy Journal, 1993, vol. Volume14, issue Number 4, 151-162

Abstract: This paper presents some evidence of an asymmetric effect of oil price spikes upon the U.S. economy. It appears that price increases may be associated with reductions in economic activities, while price decreases do not display a distinct relationship with the economy.Possible explanations for these results are offered.

JEL-codes: F0 (search for similar items in EconPapers)
Date: 1993
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