Monetary Policy and Crude Oil

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The global crude oil market is critically important in many respects. It is the fuel that drives the global economy and, as such, is the focus of climate polici

Monetary Policy and the Oil Futures Market

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We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled fro

Monetary Policy and the Oil Market

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While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in s

Monetary Policy and the Oil Futures Market

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World Crude Oil Markets

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This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model. Low price and high income elasticities o