World crude oil markets : monetary policy and the recent oil shock /
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 demand and rigid supply explain high price volatilities and producers' market power. Exchange and interest rates do influence oil mar...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund, African Dept.,
2006
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| Series: | IMF working paper ;
WP/06/62. |
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
