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
相关论文
共 50 条
  • [31] Central bank transparency: Does it matter?
    Rhee, Hyuk Jae
    Turdaliev, Nurlan
    INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2013, 27 : 183 - 197
  • [32] MONETARY POLICY OF THE CZECH NATIONAL BANK AND THE EUROPEAN CENTRAL BANK
    Uhrova, Natalie
    PROCEEDINGS OF THE 8TH INTERNATIONAL CONFERENCE ON ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES, 2010, : 493 - 503
  • [33] Understanding the global drivers of inflation: How important are oil prices?
    Ha, Jongrim
    Kose, M. Ayhan
    Ohnsorge, Franziska
    Yilmazkuday, Hakan
    ENERGY ECONOMICS, 2023, 127
  • [34] Spillover effects of the unconventional monetary policy of the European Central Bank
    Goczek, Lukasz
    Witkowski, Bartosz
    QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2023, 89 : 82 - 104
  • [35] Oil prices and European household consumption expenditures
    Vizek, Maruska
    Lee, Junsoo
    Payne, James E.
    OPEC ENERGY REVIEW, 2020, 44 (01) : 59 - 90
  • [36] Oil prices and bank credit risk in MENA countries after the 2008 financial crisis
    Wang, Rui
    Luo, Hang
    INTERNATIONAL JOURNAL OF ISLAMIC AND MIDDLE EASTERN FINANCE AND MANAGEMENT, 2020, 13 (02) : 219 - 247
  • [37] ASSESSING THE IMPACT OF OIL PRICES AND INFLATION ON BANK DEPOSITS IN AZERBAIJAN
    Hasanov, Ramil I.
    Vasa, Laszlo
    Guliyeva, Shafa
    Giyasova, Zeynab
    Shakaraliyeva, Zibeyda
    BANKS AND BANK SYSTEMS, 2025, 20 (01) : 11 - 22
  • [38] Does Islamic stock sensitivity to oil prices have economic significance?
    Narayan, Paresh Kumar
    Dinh Hoang Bach Phan
    Sharma, Susan Sunila
    PACIFIC-BASIN FINANCE JOURNAL, 2019, 53 : 497 - 512
  • [39] Central bank learning and Taylor rules with sticky import prices
    Lim G.C.
    McNelis P.D.
    Computational Economics, 2006, 28 (2) : 155 - 175
  • [40] Czech National Bank Verbal Interventions: Does the Exchange Rate React to Words from CNB Bank Board?
    Haba, Stanislav
    POLITICKA EKONOMIE, 2016, 64 (04) : 405 - 419
12345