Monetary Policy and Oil Prices in a Small Open Economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F15%3A%230000700" target="_blank" >RIV/26138077:_____/15:#0000700 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Monetary Policy and Oil Prices in a Small Open Economy
Original language description
This paper discusses the relationship between monetary policy and oil prices and, in a broader sense, commodity prices. Firstly, it focuses on describing the relationship between key macroeconomic variables relative to oil prices. Subsequently, it discusses the existence of transmission channels through which monetary policy can be propagated to oil prices. It then provides an insight into the central bank?s forecasting process, both by looking retrospectively at the oil price outlook in the past and byanalyzing a transitory and a permanent shock (a rise in the oil price of USD 30/b). The simulated oil price shock is calculated from the average level of Brent crude oil price in the first quarter of 2010, i.e. USD 77/b. Furthermore, we also simulated atransitory and permanent slump in the oil price by 20% from the average level of Brent crude oil price in the third quarter of 2014, i.e. USD 100/b.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA13-06229S" target="_blank" >GA13-06229S: The international transmission of shocks in the context of macro-financial linkages</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the International Conference on Global Business, Economics, Finance and Social Sciences
ISBN
978-1-941505-22-9
ISSN
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e-ISSN
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Number of pages
21
Pages from-to
1-21
Publisher name
Global Business Research Journals (GBRJ)
Place of publication
Bangkok
Event location
Bangkok
Event date
Jan 1, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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