Economy / Finance

The missing stimulus from the 2014-16 US oil price decline

From VoxEU.org: Recent Articles
May 17, 2017 - 8:00pm
The sluggish growth of the US economy after the 2014-2016 decline in the oil price surprised many economists. This column argues that it should have been expected. The modest stimulus to private consumption and non-oil business investment was largely offset by a large decline in investment by the oil sector. Growth was further slowed by a simultaneous global economic slowdown, reflected in lower US exports. 


Continue reading this article »