书目名称 | Monetary Policy and the Oil Market |
编辑 | Naoyuki Yoshino,Farhad Taghizadeh-Hesary |
视频video | |
概述 | Offers a reader-friendly treatment of the topic from both theoretical and empirical approaches.Useful for researchers and graduate students as well as those who have an interest in the energy economic |
丛书名称 | ADB Institute Series on Development Economics |
图书封面 |  |
描述 | .While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices, including oil prices. However, this book presents a framework for modeling oil prices while incorporating monetary policy. It also provides a complete theoretical basis of the determinants of crude oil prices and the transmission channels of oil shocks to the economy. Moreover, using several up-to-date surveys and examples from the real world, this book gives insight into the empirical side of energy economics. The empirical studies offer explanations for the impact of monetary policy on crude oil prices in different periods including during the subprime mortgage crisis of 2008–2009, the impact of oil price variations on developed and emerging economies, the effectiveness of monetary policy in the Japanese economy incorporating energy prices, and the macroeconomic impacts of oil price movements in trade-linked cases. This must-know information on energy. economics is presented in a reader-frien |
出版日期 | Book 2016 |
关键词 | Energy Economics; Energy Modelling; Monetary Policy; Oil Pricing; Oil Shocks |
版次 | 1 |
doi | https://doi.org/10.1007/978-4-431-55797-5 |
isbn_softcover | 978-4-431-56695-3 |
isbn_ebook | 978-4-431-55797-5Series ISSN 2363-9032 Series E-ISSN 2363-9040 |
issn_series | 2363-9032 |
copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Japan KK |