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High oil prices cause "large" effect on inflation - NZ Report

Submitted by Denis Tegg on 1 July 2011 - 10:32am | Blog entry

re-posted from my blog - oilshockhorrorprobe

A 2005 study by New Zealand Reserve Bank economist Felix Delbruck ("Oil prices and the New Zealand economy" - Reserve Bank of New Zealand: Bulletin, Vol. 68, No. 4) has found that the inflationary effects of higher oil prices were "quite large". Specifically that :- » Read more

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2007-08 oil shock caused "substantial" decline in New Zealand's GDP say Reserve Bank economists

Submitted by Denis Tegg on 24 June 2011 - 5:24pm | Blog entry

re-posted from my blog - oilshockhorrorprobe

In a recent report, two New Zealand Reserve Bank economists have estimated the real effects of oil price shocks on New Zealand’s GDP. The economists conclude -- » Read more

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IMF Warns of Oil Scarcity and the End of Growth

Submitted by Denis Tegg on 16 April 2011 - 4:01pm | updated 16 Apr 2011 | Blog entry

Re-posted from my blog - oilshockhorrorprobe

What is going on? The International Monetary Fund -- a body that states its mission is to "foster global growth and economic stability" has produced a major report which concludes the world has entered an era of oil scarcity, and openly discusses a peak oil scenario in which global GDP doesn't grow, but declines steeply ! » Read more

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