Trésor-Economics No. 106 - Should the monetary authorities react to oil price swings?
Oil prices have been rising since June of this year, after falling in the second quarter of 2012 against a background of slowing economic activity and increased supply. The price of Brent has risen 50% since 2007, to $115 per barrel in October 2012.The steep increase in the price of oil in 2008, and again in 2010-2011, has sparked discussion on how the importing countries' monetary authorities mig... Lire la suite