This article summarizes the main points discussed at the seminar on The Exhaustion of Resources: 150 years of One Economics Discussion?, presented by the Czech Economic Association (CEA) in January 2003. There were two main speakers at the seminar: the first was Mojmír Hampl (Èeská...

The article discusses the relationship between monetary policy and price of oil, in broader sense price of commodities. Firstly it focuses on describing the relationship of key macroeconomic variables, gas prices and other commodities against oil prices. Subsequently, it discusses the existence...