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Oil shocks around the world: Are they really that bad ? / Tobias Rasmussen, Agustin Roitman, VoxEU.org, 25/08/2011http://www.voxeu.org/index.php?q=node/6905Recent developments in oil markets and the global economy have, once again, triggered concerns about the impact of oil price shocks around the world. This column wonders whether the fuss is really necessary. It presents evidence of relatively small negative effects of oil price increases...