Because economic models typically are fit over both those periods with price spikes and the more predominant periods of moderate price fluctuation, their estimated statistical relationships would not fully capture the effect of sudden and sizable shifts in oil prices on the economy.
DeLisle Worrell: General financial sector issues and policies Opening remarks by Dr DeLisle Worrell, Governor of the Central Bank of Barbados, at the Financial Institutions Conference “General Financial Sector Issues and Policies”, Bridgetown, 3 November 2011. *  *  *  This is our second annual conference for all financial institutions.