Macroeconomic and Industrial Effects of Higher Oil and Natural Gas Prices
In the past few years, the U.S. economy has grown at a healthy pace in the face of a relentless rise in energy prices. However, almost all analysts agree that continued energy price increases will affect the overall economy and employment, and might affect different sectors of the economy in different ways. This paper examines the possible effects of an energy price rise both at the national and industry level.
