How do global oil shocks shape the UK economy?📈🇬🇧
In our latest #MondayInterview, just published, Economist Charlotte O'Leary assesses the "uneven impact" of past global oil shocks to the UK economy and outlines the implications for monetary and fiscal policy ⤵️
niesr.ac.uk/blog/uneven-...
How have past oil price shocks affected the UK economy, and what patterns stand out? As seen in the graph below, since the 1970’s, the United Kingdom has lived through five major oil price shocks: the...
