How should monetary policy respond to changes in the relative price of oil? Considering supply and demand shocks

DOI10.1016/J.JEDC.2014.04.002MaRDI QIDQ1994567zbMATH OpenOpenAlexFDO

Authors Michael Plante

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://caepr.indiana.edu/RePEc/inu/caeprp/CAEPR2009-013.pdf

zbMATH Keywords

inflationinterest ratesoptimal monetary policyoil prices

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

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Cites work

• Solving dynamic general equilibrium models using a second-order approximation to the policy function

Cited in

(8)

• Oil price shocks and monetary policy in resource-rich economies: does capital matter?
• Real supply shocks and the money growth-inflation relationship
• How do mobility restrictions and social distancing during COVID-19 affect oil price?
• Oil shocks and optimal monetary policy
• Monetary policy under natural disaster shocks
• The effect of monetary policy shocks on macroeconomic variables: evidence from the eurozone
• OIL PRICE SHOCKS, SYSTEMATIC MONETARY POLICY, AND THE “GREAT MODERATION”
• A mathematical model of demand-supply dynamics with collectability and saturation factors

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