Thoughts on the Market

Seth Carpenter: The ECB, The Fed and Oil Prices

Sep 18, 2023
Seth Carpenter, Global Chief Economist for Morgan Stanley, discusses the impact of oil prices on inflation and growth, particularly in relation to the European Central Bank's decision to raise rates. Research shows that the pass through from oil prices to inflation tends to be modest for developed market economies. The episode explores the effects of oil price shocks on consumption and GDP, and the implications for central banks.
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