Oil prices are pushing up inflation. Will the central banks of the United States, the UK, and the euro area tighten monetary policy to resist the effects of the oil price shock, or will they keep policy loose to accommodate it?
1. More Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Monetary Accommodation of Oil Price Shocks: Some Simple Analytics Posted March 24, 2011 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.