IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03471833.html
   My bibliography  Save this paper

Pétrole : un choc sans traumatisme apparent

Author

Listed:
  • Christine Rifflart

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

Since the beginning of the 2000's, crude oil price has increased by more than 250 %. Contrary to the 1973 and 1979 shocks, the world economic growth does not look to have been so much affected by the present shock - it is above 4 % a year for three years - and the inflation is still moderated, even in the US despite of a higher economic perform than in Euro Area. Nevertheless, the oil prices have strongly risen. So, to compensate the relative decrease of their real income, households are attempted to get further into debt. The enterprises urge to push labour costs down to neutralize the increase of the inputs prices and be competitive. In the meantime, oil exporting countries receive a huge amount of liquidities that they use to import and reinvest in the international and regional financial markets, contributing to the low long term interest rates.

Suggested Citation

  • Christine Rifflart, 2005. "Pétrole : un choc sans traumatisme apparent," Post-Print hal-03471833, HAL.
    • Handle: RePEc:hal:journl:hal-03471833
    DOI: 10.3917/reof.095.0159
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-03471833
    as

    Download full text from publisher

    File URL: https://sciencespo.hal.science/hal-03471833/document
    Download Restriction: no
    File URL: https://libkey.io/10.3917/reof.095.0159?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03471833. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.