U.S. Monetary Policy Spillovers to GCC Countries : Do Oil Prices Matter? /

This paper provides empirical evidence that the size of the spillovers from U.S. monetary policy to non-oil GDP growth in the GCC countries depends on the level of oil prices. The potential channels through which oil prices could affect the effectiveness of monetary policy are discussed. We find tha...

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Detalhes bibliográficos
Autor principal: Adedeji, Olumuyiwa
Outros Autores: Roos, Erik, Shahid, Sohaib, Zhu, Ling
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2019.
Colecção:IMF Working Papers; Working Paper ; No. 2019/304
Acesso em linha:Full text available on IMF