全球智库信息集成服务系统(G2TT): Nature of Oil Price Shocks and Monetary Policy

G2TT

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.