Amstad, Marlene; Hildebrand, Philipp - Volkswirtschaftliche Fakultät, … - 2005
inflation indicator. When it topped the USD 50 mark in October 2004 and in March 2005 and, even more clearly, when it passed USD … real terms – after adjusting for inflation – the oil price is still lower now than it was then. Another striking factor is … of monetary policy, this paper focuses primarily on the impact of oil prices on inflation; the effects on growth are …