World crude oil markets : monetary policy and the recent oil shock
Resource Information
The work World crude oil markets : monetary policy and the recent oil shock represents a distinct intellectual or artistic creation found in University of Liverpool. This resource is a combination of several types including: Work, Language Material, Books.
The Resource
World crude oil markets : monetary policy and the recent oil shock
Resource Information
The work World crude oil markets : monetary policy and the recent oil shock represents a distinct intellectual or artistic creation found in University of Liverpool. This resource is a combination of several types including: Work, Language Material, Books.
- Label
- World crude oil markets : monetary policy and the recent oil shock
- Title remainder
- monetary policy and the recent oil shock
- Statement of responsibility
- prepared by Noureddine Krichene
- Language
- eng
- Summary
- 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 of demand and rigid supply explain high price volatilities and producers' market power. Exchange and interest rates do influence oil market equilibrium. The relationship between oil prices and interest rates is a two-way relationship that depends on the type of oil shock. During a supply shock, rising oil prices caused interest rates to increase; whereas during a demand shock, falling interest rates caused oil prices to rise. Record low interest rates led to high oil price volatility in 2005. Data shows that world economic growth and price stability require stable oil markets and therefore more prudent monetary policies
- Cataloging source
- CaPaEBR
- Government publication
- international or intergovernmental publication
- Index
- no index present
- LC call number
- HD9560.4
- LC item number
- .K75 2006eb
- Literary form
- non fiction
- Nature of contents
-
- standards specifications
- bibliography
Context
Context of World crude oil markets : monetary policy and the recent oil shockWork of
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.liverpool.ac.uk/resource/SPU1w9MtN2I/" typeof="CreativeWork http://bibfra.me/vocab/lite/Work"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.liverpool.ac.uk/resource/SPU1w9MtN2I/">World crude oil markets : monetary policy and the recent oil shock</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.liverpool.ac.uk/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.liverpool.ac.uk/">University of Liverpool</a></span></span></span></span></div>
