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Reports by James Stock • December 04, 2014
Oil prices have fallen nearly 40 percent since June, translating to a drop of nearly $1 in gasoline prices. Declines in oil prices are generally seen as an economic windfall for net petroleum importers, like the United States. As the United States becomes a much larger oil producer as well, however, lower prices create different winners and losers. This policy brief explores the overall economic impacts of a sharp drop in oil prices for the United States. It was co-authored by Center Founding Director Jason Bordoff and Harvard University Professor James Stock, who served until July 2014 as a Member of the President’s Council of Economic Advisers.
While Iran's first direct attack using missiles and drones against Israel on April 13 did not incur significant damage to military sites or, more importantly, civilian casualties, it...
After a wobbly first half of 2023,[1] when crude oil prices were affected by a banking crisis in the United States and the prospects of a recession in...
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Reports by James Stock • December 04, 2014