Monetary Policy and the Oil Market

• Corporate Author: SpringerLink (Online service)
• Other Authors: Yoshino, Naoyuki (Editor), Taghizadeh-Hesary, Farhad (Editor)
• Format: Electronic eBook
• Language: English
• Published: Tokyo : Springer Japan : Imprint: Springer, 2016.
• Edition: 1st ed. 2016.
• Series: ADB Institute Series on Development Economics,
• Subjects: Energy policy.; Energy and state.; Fossil fuels.; Macroeconomics.; International economics.; Development economics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Energy Policy, Economics and Management.; Fossil Fuels (incl. Carbon Capture).; Development Economics.; International Economics.

While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices, includin...