Oil price shocks and monetary policy in resource|rich economies ...

Oil price shocks and monetary policy in resource-rich economies

A positive oil price shock boosts output, increases inflation, and attracts a contractionary monetary policy. Core inflation TR rule emerged welfare optimal ...

Oil price shocks and monetary policy in resource-rich economies

Notably, our results show that the introduction of capital into the model economy moderates the responses of output and inflation to an oil price shock. Also, ...

Oil price shocks and macroeconomic policy in resource-rich ...

This thesis is a collection of three papers aimed at investigating the macroeconomic effects of oil price shocks on resource-rich economies as ...

(PDF) Oil price shocks and macroeconomic policy in resource-rich ...

This thesis is a collection of three papers aimed at investigating the macroeconomic effects of oil price shocks on resource-rich economies as well as the ...

Oil Price Shocks and Monetary Policy in a Data-Rich Environment

Specifically, the U.S. economy and monetary policy respond differently to global demand shocks that have the effect of raising the price of oil ...

Oil price shocks and macroeconomic dynamics in resource-rich

How do global oil price fluctuations affect macroeconomic activity and monetary policy in resource-rich emerging economies? This paper tackles this question ...

Oil price shocks and monetary policy in resource-rich economies

Semantic Scholar extracted view of "Oil price shocks and monetary policy in resource-rich economies: does capital matter?" by Babatunde S. Omotosho.

Oil Price Shocks, Systematic Monetary Policy and the 'Great ...

The U.S. economy has experienced a reduction in volatility since the mid 1980's. In this paper we investigate the changes in the response of the economy to ...

Monetary and fiscal policy interactions in resource-rich emerging ...

Once the response of fiscal policy to oil-related flows is muted, the revenue substitution effect is neutralized, taxes respond positively to debt, and the ...

Oil Price Shocks and Macroeconomic Dynamics in an Oil-Exporting ...

We consider a positive oil price shock to uncover the extent to which oil price increase is positive for the economy. The typical small open economy model is ...

OIL SHOCKS AND OPTIMAL MONETARY POLICY | Cambridge Core

The main result is that oil price shocks generate an endogenous trade-off between inflation and output stabilization when oil has low substitutability in ...

MONETARY POLICY IN RESOURCE-RICH DEVELOPING ...

Implicit proof is that in oil exporting countries the economic cycle and fiscal spending move in the same direction as world oil prices. (Husain et al., 2008; ...

Oil Prices, Monetary Policy and Inflation Surges

We show that mainly accounting for this surge was a combination oil price shocks and “easy” monetary policy, even after allowing for demand shocks and shocks to ...

Oil price shocks and monetary policy in resource-rich economies

Publications that cite this publication · Oil price shocks and macroeconomic dynamics in resource-rich emerging economies under regime shifts · Impacts of oil ...

[PDF] Systematic Monetary Policy and the Effects of Oil Price Shocks

1,602 Citations · The Macroeconomic Effects of Higher Oil Prices · Monetary Policy Rules and Oil Price Shocks · Oil Prices, Monetary Policy, and the Macroeconomy.

Energy Price Shocks and Current Account Balances

For example, the impact of oil price shocks on oil exporting countries' current account depends on their level of economic ... fiscal or monetary policies ...

Oil price shocks and monetary policy in a data-rich environment

Specifically, the U.S. economy and monetary policy respond differently to global demand shocks that have the effect of raising the price of oil and to oil- ...

Notes on the Underground: Monetary Policy in Resource‐Rich ...

The commodity sector introduces a terms-of-trade inefficiency that gives rise to an endogenous cost-push shock, changes the target level for ...

Oil Price Shocks, Rigidities and the Conduct of Monetary Policy

The strong and sustained rise in oil prices observed in recent years poses a challenge to monetary policy and its ability to simultaneously ...

Oil Price Shocks and Monetary Policy | OilPrice.com

In all three economies, rising oil prices accounted for a big part of the increase of inflation. That fact poses a dilemma for monetary policy.