Oil Prices and the World Economy C.P. Chandrasekhar and Jayati Ghosh

The recent rise in world oil prices has led to fears of renewed inflation and possibly even recession as governments attempt to reduce inflationary pressures through fiscal and monetary contraction. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh consider the causes of the oil price rise and assess the implications for the world economy.

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