How does the European Central Bank react to oil prices?

L’œillet, Guillaume and Julien Licheron

Economics Letters, 2012, vol. 116, issue 3, 445-447

Abstract: Monetary policy may constitute a short-term explanation of the non-linearity in the relationship between oil prices and output. The role of oil prices in the ECB reaction is thus investigated with an extended Taylor rule including several oil prices indicators.

Keywords: Oil prices; Monetary policy; Nonlinearity (search for similar items in EconPapers)
JEL-codes: E52 E58 Q43 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:445-447

DOI: 10.1016/j.econlet.2012.04.035

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