Systematic Monetary Policy and the Effects of Oil Price Shocks

However, he does not explicitly attempt to decompose the effect of oil price shocks on the economy into a part due to the change in oil prices and a part due to ...

THE PRINCIPAL OBJECTIVE of this paper is to increase our understanding of the role of monetary policy in postwar U. S. business cycles.

Systematic Monetary Policy and the Effects of Oil Price Shocks

Abstract. The principal objective of this paper is to increase our understanding of the role of monetary policy in postwar U. S. business cycles. We take as our ...

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

In this paper we investigate the changes in the response of the economy to an oil price shock and the role of the systematic monetary policy response in ...

Systematic Monetary Policy and the Effects of Oil Price Shocks

By Ben Bernanke, Mark Gertler and Mark Watson; Systematic Monetary Policy and the Effects of Oil Price Shocks.

Systematic monetary policy and the effects of oil price shocks

Bernanke, Ben S. ; Gertler, Mark ; Watson, Mark. / Systematic monetary policy and the effects of oil price shocks. In: Brookings Papers on Economic Activity.

[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.

OIL PRICE SHOCKS, SYSTEMATIC MONETARY POLICY, AND ...

In this paper we investigate the changes in the response of the economy to an oil price shock and the role of the systematic monetary policy response.

A quantitative analysis of oil-price shocks, systematic monetary ...

The response to an oil-price shock is examined under a variety of monetary policy specifications. Under our benchmark calibration, which approximates the ...

How Oil Shocks Propagate: Evidence on the Monetary Policy Channel

Using high-frequency responses of oil futures prices to prominent oil market news, we estimate the effects of oil supply news shocks when ...

Oil Price Shocks, Monetary Policy and Stagflation

In fact, one could make the case that policy-makers should lower interest rates to cushion the recessionary impact. Moreover, if both the aggregate demand and ...

Optimal Monetary Policy and Oil Price Shocks - DukeSpace

In an influential paper, Bernanke, Gertler, and Watson (1997) and (2004) argue that systematic monetary policy exacerbated the recessions the U.S. economy ...

(PDF) Oil price shocks, systematic monetary policy, and the “Great ...

In this paper we investigate the changes in the response of the economy to an oil price shock and the role of the systematic monetary policy response in ...

Monetary policy and the transmission of oil shocks - ScienceDirect

Measuring the effects of systematic monetary policy is difficult. BGW tested the hypothesis that it is the response of monetary policy to oil shocks, rather ...

Monetary policy and the effect of the oil prices pass-through to inflation

The paper examines the impact of oil price shocks on inflation, as well as the impact of the choice of the monetary policy regime on the ...

Monetary Policy Rules and Oil Price Shocks - Search eLibrary :: SSRN

Our analysis shows that it is important to distinguish between alternative price indices (CPI, core CPI, and GDP deflator) when modeling the effects of oil ...

Oil Price Shocks, Systematic Monetary Policy and Economic Activity

This suggests that the central bank of Pakistan can reduce the impact of oil price shocks by reducing its intervention in the market. JEL Classification: E1, E3 ...

Oil Prices, Monetary Policy and Inflation Surges | NBER

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

Oil price shocks, monetary policy and current account imbalances ...

Therefore, it is of crucial importance, from both a policy and a theoretical point of view to examine the impact of an oil price shock on currency-union members ...

(PDF) Oil Price Shocks, Systematic Monetary Policy and Economic ...

... The study found out that monetary policy tightening tends to bring about oil price shocks and not the changes in oil price itself. The study ...