The Economic Consequences of Rising Oil Prices

François Lescaroux (1)

1 IFPEN - IFP Energies nouvelles

In the context of rising crude oil prices observed in the last five years, this paper attempts to shed light on the possible consequences of a costlier barrel. We shall begin with a brief presentation of the main results of the analyses conducted in the last 30 years, concerning the impact of energy prices on economic activity. We shall then interpret these analyses and their conclusions, and try to draw a number of lessons about the anticipated effects of the recent trend in energy prices.

Domains: Humanities and Social Sciences; Economics and Finance

François Lescaroux. The Economic Consequences of Rising Oil Prices: Cahiers de l'Economie, Série Analyses et synthèses, n° 59. 2006. ⟨hal-02468391⟩