World Crude Oil Markets : Monetary Policy and the Recent Oil Shock

  title={World Crude Oil Markets : Monetary Policy and the Recent Oil Shock},
  author={Noureddine Krichene},
  • Noureddine Krichene
  • Published 2006
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. 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… CONTINUE READING


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