Oil prices, monetary policy, and counterfactual experiments

被引：37

作者：

Carlstrom, Charles T. ^{[1
]}

Fuerst, Timothy S.

机构：

[1] Fed Reserve Bank Cleveland, Cleveland, OH USA

[2] Bowling Green State Univ, Bowling Green, OH 43403 USA

来源：

JOURNAL OF MONEY CREDIT AND BANKING | 2006年 / 38卷 / 07期

关键词：

monetary policy; oil prices; interest rates;

D O I：

10.1353/mcb.2006.0090

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Recessions are associated with both rising oil prices and increases in the federal funds rate. Are recessions caused by the spikes in oil prices or by the sharp tightening of monetary policy? This paper discusses the difficulties in disentangling these two effects.

引用

页码：1945 / 1958

页数：14

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