Monetary Policy and Oil Prices in a Small Open Economy

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Monetary Policy and Oil Prices in a Small Open Economy

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Monetary Policy and Oil Prices in a Small Open Economy

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GA13-06229S" target="_blank" >GA13-06229S: Mezinárodní přenos šoků v rámci makrofinančních vazeb</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

21

Strana od-do

1-21

Název nakladatele

Global Business Research Journals (GBRJ)

Místo vydání

Bangkok

Místo konání akce

Bangkok

Datum konání akce

1. 1. 2015

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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