Monetary Policy and Price of Oil
Bibliographic Data
| ID | 6109247 |
|---|---|
| Authors | Jan Hošek (0000-0002-3463-0874, University of Finance and Administration), Luboš Komárek (0000-0002-7877-0844, Czech National Bank), Martin Motl (0000-0002-8414-5607, Czech National Bank) |
| Year | 2011 |
| Volume | 59 |
| Issue | 1 |
| Pages | 22-46 |
| Publication date | 2011-02-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Politická ekonomie (JOURNAL) |
| Journal identifiers | ISSN: 0032-3233 • E-ISSN: 2336-8225 |
| Publisher | Prague University of Economics and Business (PUBLISHER • CZ) |
| DOI | 10.18267/j.polek.770 |
| OpenAlex | W2188942489 |
| Language | EN |
| Citations received | 2 |
| References cited | 9 |
The article discusses the relationship between monetary policy and price of oil, in broader sense price of commodities. Firstly it focuses on describing the relationship of key macroeconomic variables, gas prices and other commodities against oil prices. Subsequently, it discusses the existence of a "transmission channels" through which monetary policy can be propagated into oil prices (or prices of commodities). Secondly it provides further insight into the forecasting process of the CNB, in both a retrospective look back at the prospects of oil prices in the past and the analysis of transitory and permanent shock (the rise in oil prices of 30 USD/b). Simulated oil price shock is calculated from the average level of Brent oil prices in the first quarter of 2010, i.e. 77.50 USD/b
Economics · Inflation (cosmology) · Macroeconomics · Monetary economics · Monetary policy · Oil price · Oil-storage trade · Quarter (Canadian coin) · Shock (circulatory) · Global Energy and Sustainability Research · Market Dynamics and Volatility · Monetary Policy and Economic Impact
| Citations per year | 0.14 |
|---|---|
| Citation span | 2012 - 2018 (7) |
| Highly cited | No |