Full Title: Energy Price Stability: The Peril of Fossil Fuels and the Promise of Renewables
Author(s): Lauren Melodia, Kristina Karlsson
Publisher(s): Roosevelt Institute
Publication Date: May 11, 2022
Full Text: Download Resource
In “Energy Price Stability: The Peril of Fossil Fuels and the Promise of Renewables,” authors Lauren Melodia and Kristina Karlsson demonstrate that volatile fossil fuel prices are a key driver of overall inflation and have historically triggered recessions. They argue that the Federal Reserve has little power to mitigate inflation driven by fossil fuel prices, and that the solution to ongoing energy price volatility is a government-led investment in renewable energy production and deployment.