Oil prices and world inflation

Journal Article · Wed Jun 01 00:00:00 EDT 1983 · J. Econ. Bus.; (United States)

DOI:https://doi.org/10.1016/0148-6195(83)90008-5· OSTI ID:5785272

Sheehan, R G; Kelly, N

This paper addresses the nature of the causal relationships between oil prices and US inflation using a procedure developed by Granger to assess causality or, more precisely stated, informativeness. The results confirm that higher oil prices have increased the US wholesale price index (WPI). The results also support OPEC's contention that their price increases have, in part, been a result of worldwide inflation. 9 references, 2 tables.

• Research Organization: James Madison Univ., Harrisonburg, VA
• OSTI ID: 5785272
• Journal Information: J. Econ. Bus.; (United States), Vol. 35:2
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
ENERGY EXPENSES
ECONOMIC IMPACT
INFLATION
PETROLEUM
PRICES
ECONOMIC ANALYSIS
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
294002* - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects
290200 - Energy Planning & Policy- Economics & Sociology