Minenna, Marcello, (2016), “How The Oil Price Crash Is Wrecking Mario Draghi’s QE Effect”, Social Europe Journal, 11 January
2015 will go down as the year when the oil price crash did not result in a swift decline in oil output. At a first glance, this seems a very strange phenomenon. Although the price reduction has been massive (-75% in 18 months) it is certainly not the fastest: in 2008, with the crash of Lehman Brothers, the price cratered from the stellar price of $147 to just $35 in merely six months.
Relevant Posts
- Wren-Lewis, S. (2014) “Mario Draghi At Jackson Hole“, Social Europe Journal, 26 August.
- Guha, K., (2014), “Can Mario Draghi Beat Deflation?”, Bloomberg Opinion, 12 February.