Inflation expectations have become more anchored over time

Jonathan Davis

Economic Letter, 2012, vol. 7, issue 13

Abstract: The Organization of Arab Petroleum Exporting Countries imposed an oil embargo on the United States in October 1973 in response to U.S. support of Israel during the Yom Kippur War. The embargo was lifted in March 1974, and although it lasted less than six months, the effects on inflation and inflation expectations in the United States would persist for a decade.

Keywords: Macroeconomics (search for similar items in EconPapers)
Date: 2012
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