Oil Prices and Economic Activity: Is the Relationship Symmetric?

Javier F. Mary

The Energy Journal, 1993, vol. 14, issue 4, 1-11

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

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:14:y:1993:i:4:p:1-11

DOI: 10.5547/ISSN0195-6574-EJ-Vol14-No4-10

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