Lower oil prices and the us economy
Jan J.J. Groen is an officer in the Federal Reserve Bank of New York’s Research and Statistics Group. Patrick Russo is a senior research analyst in the Bank’s Research and Statistics Group. How to cite this blog post: Jan J.J. Groen and Patrick Russo, “Lower Oil Prices and U.S. Economic Activity,” Contrary to common wisdom, low oil prices impact very adversely on the global economy including US economy. We should look no further than the huge damage that the 2014 oil price crash had