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the claim
Oil price spikes cause recessions.
the verdict
INSUFFICIENT LEANING
Recorded sources
5 sources for · 0 against
Is it true that oil price spikes cause recessions?
Unclear. Several peer-reviewed and reference sources partially support the idea that oil price spikes can contribute to recessions, citing historical episodes and quantified GDP effects, but each covers specific cases or hedged findings rather than establishing a general causal rule.
Verdict: PARTIAL LEAN · 5 sources for, 0 against · Last checked
Evidence for · 5
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Comments: Recessions and Oil. (2009). doi.org. https://doi.org/10.2118/0209-0018-jpt
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More for · 4
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Kilian, L. & Vigfusson, R. J. (2014). The Role of Oil Price Shocks in Causing U.S. Recessions. doi.org. https://doi.org/10.17016/ifdp.2014.1114
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Simple English Wikipedia: 1990 oil price shock. (n.d.). simple.wikipedia.org. https://simple.wikipedia.org/wiki/1990_oil_price_shock
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Oil Prices, Profits, and Recessions: An Inquiry Using Terrorism as an Instrumental Variable. (2007). doi.org. https://doi.org/10.22004/ag.econ.269759
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G., H. H. (2004). Shares, gaps and the economy's response to oil disruptions. inis.iaea.org. https://inis.iaea.org/records/j1rpv-d3w97
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