Knihu momentálně nemáme skladem
Parametry
Více o knize
We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main findings. (i) Monetary policy and financial activity shocks both have a significant effect on the oil price. (ii) Monetary policy has made large positive contributions to oil price growth in 2008. (iii) Monetary policy affects the oil price primarily through fundamental (supply and demand) channels rather than through financial activity.
Nákup knihy
Monetary policy and the oil futures market, Sandra Eickmeier
- Jazyk
- Rok vydání
- 2012
Jakmile ji vyčmucháme, pošleme vám e-mail.
Doručení
Platební metody
Navrhnout úpravu
- Titul
- Monetary policy and the oil futures market
- Jazyk
- anglicky
- Autoři
- Sandra Eickmeier
- Rok vydání
- 2012
- ISBN10
- 3865588735
- ISBN13
- 9783865588739
- Kategorie
- Podnikání a ekonomie
- Anotace
- We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main findings. (i) Monetary policy and financial activity shocks both have a significant effect on the oil price. (ii) Monetary policy has made large positive contributions to oil price growth in 2008. (iii) Monetary policy affects the oil price primarily through fundamental (supply and demand) channels rather than through financial activity.