A Brief Empirical Note on the Impact of Crude Oil Prices on Domestic Inflation: The Case of the United States, 1965-1999
This empirical study for the period 1965-1999 finds that a higher percentage rate of increase in the price of crude oil acts to increase domestic inflation in the United States. However, whereas this impact is statistically significant, the magnitude of the impact is modest. Therefore, the monetary authority in the United States should be careful to not overreact with contractionary policies simply because oil price inflation increases.
An Empirical Note on the Inflation Impact of the Price of Imported Crude Oil: The Case of Germany
This study empirically investigates whether the assumption of the monetary authority in pre-2000 Germany that rising prices of imported crude oil would lead to domestic inflation in Germany had validity. In a model where unemployment rate changes, money stock growth, and wage growth are all allowed for, OLS estimation reveals that although the inflation rate in Germany typically is not sensitive to increasing prices on imported crude oil, crude oil price "shocks" of 50 percent or more during any calendar year have in the past led to significant domestic inflation for the German economy.
Britain, the Commonwealth and Europe : the Commonwealth and Britain's applications to join the European Communities
Preface Notes on the Contributors Britain, The Commonwealth and Europe: An Overview D.Maitland 'The Jolly Old Empire': Labour, the Commonwealth and Europe, 1945-51 D.Russell Britain, the Commonwealth and Europe in the 1950s W.Nicoll The Australian Department of Trade and the EEC, 1956-61 J.O'Brien The Commonwealth in British European Policy: Politics and Sentiment, 1956-63 G.Wilkes 'Commonwealth or Europe?': Macmillan's Dilemma, 1961-63 A.May Commonwealth International Financial Arrangements and Britain's First Application to Join the EEC M.Kandiah & G.Staerck The Labour Government, Commonwealth Policy, and the Second Application to Join the EEC, 1964-67 P.R.Alexander The EEC and the Erosion of the Old Commonwealth Relationship S.Ward Index