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Economic Commentary

The Outlook After the Oil Shock: Between Iraq and a Soft Place

The Fourth District Economists’ Roundtable met last month to discuss the economic outlook in the wake of the Iraqi invasion of Kuwait. The panelists expect a weaker economy and more inflation for several quarters, followed by a return to more normal economic conditions. Participants also discussed possible monetary policy responses to the risks of recession and higher inflation.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Erceg, John, and Lydia Leovic. 1990. “The Outlook After the Oil Shock: Between Iraq and a Soft Place.” Federal Reserve Bank of Cleveland, Economic Commentary 10/15/1990.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International