Oil Price Shocks, Rigidities and the Conduct of Monetary Policy Some Lessons from a New Keynesian Perspective
The strong and sustained rise in oil prices observed in recent years poses a challenge to monetary policy and its ability to simultaneously achieve low inflation and stable output. Against this background, the paper studies monetary policy in a small open economy New Keynesian DSGE model including o...
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| Format: | eBook Section |
| Language: | Inglés |
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Paris :
OECD Publishing
2008.
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| Series: | OECD Economics Department Working Papers,
no.603. |
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| See on Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706351906719 |
