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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w15306 |
来源ID | Working Paper 15306 |
Nature of Oil Price Shocks and Monetary Policy | |
Junhee Lee; Joonhyuk Song | |
发表日期 | 2009-09-04 |
出版年 | 2009 |
语种 | 英语 |
摘要 | We investigate the nature of oil price shocks to the Korean economy in recent years and find that the recent hike in oil price is induced by the increase in oil demand in contrast to the previous years when oil price run-up is mostly from supply disruptions. We also study how monetary responses to oil price shocks affect economic stability and find that an accommodative policy yields more stable outcomes. |
主题 | Macroeconomics ; Business Cycles ; Monetary Policy |
URL | https://www.nber.org/papers/w15306 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572982 |
推荐引用方式 GB/T 7714 | Junhee Lee,Joonhyuk Song. Nature of Oil Price Shocks and Monetary Policy. 2009. |
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文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w15306.pdf(298KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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