Empirical evidence: monetary policy impacts on oil market variables

.

Chapter 4 in Monetary Policy and Crude Oil, 2017, pp 130-196 from Edward Elgar Publishing

Abstract: To begin with the empirical investigation in this chapter, the theoretical conclusions are summarized in a stock-flow consistent model, which is able to integrate the oil spot and futures markets and to reflect the dynamic effects of monetary policy. Subsequently, the two respective periods of conventional and unconventional monetary policy in the time frame of consideration (2000–14) are analyzed by means of structural VARs and a large number of Granger causality tests. These methods are supplemented by a new approach to oil inventories. All in all, despite many difficulties, the causal chain from monetary policy to changes in oil production and consumption can be broadly confirmed.

Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781786437884.00013.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17697_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().