World Crude Oil Markets : Monetary Policy and the Recent Oil Shock /
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 mar...
| Autor principal: | |
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2006.
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| Col·lecció: | IMF Working Papers; Working Paper ;
No. 2006/062 |
| Accés en línia: | Full text available on IMF |