Department of "Huh?!": Oil Price Edition
The question:
Poll Results | IGM Forum: Gasoline Prices: Changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies, yes or no?
Which of these changes in U.S gasoline prices since early 2002 do Hoxby, Stokey, and Zingales think might have been due to changes in U.S. federal economic or energy prices rather than to changes in supply and demand?
I could see somebody arguing that the Bush-era step-back from financial market regulation led to the economic crash that led to the late-2008 collapse in gasoline prices, and that the subsequent revival was in large part due to the TARP, the stress tests, the ARRA, and QE. But somehow I doubt that that is what these three have in mind...
