How does the European Central Bank react to oil prices?

被引：1
|
作者：
L'oeillet, Guillaume [1 ]
Licheron, Julien [2 ]
机构：
[1] Univ Bretagne Sud IREA, IUT Vannes, F-56017 Vannes, France
[2] CEPS INSTEAD, L-4364 Esch Sur Alzette, Luxembourg
来源：
ECONOMICS LETTERS | 2012年 / 116卷 / 03期
关键词：
Oil prices; Monetary policy; Nonlinearity; MONETARY-POLICY RULES; TAYLOR RULES; SHOCKS;
D O I：
10.1016/j.econlet.2012.04.035
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. (C) 2012 Elsevier B.V. All rights reserved.
引用
收藏
页码：445 / 447
页数：3
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