Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Other Economics
What To Do When They Close The Strait Of Hormuz, Harry D. Saunders
What To Do When They Close The Strait Of Hormuz, Harry D. Saunders
Harry D. Saunders
This paper provides a non-mathematical analysis of options available to fiscal and monetary authorities in the event of a major oil supply disruption. It argues for distinguishing between "price" shocks and "quantity" shocks.