World crude oil markets : monetary policy and the recent oil shock / prepared by Noureddine Krichene.

This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model. Low price and high income elasticities of demand and rigid supply explain high price volatilities and producers' market power. Exchange and interest rates do influence oil mar...

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Bibliographic Details

Online Access:	Full Text (via ProQuest)
Main Author:	Krichene, Noureddine (Author)
Corporate Author:	International Monetary Fund. African Department
Format:	eBook
Language:	English
Published:	[Washington, D.C.] : International Monetary Fund, African Dept., 2006.
Series:	IMF working paper (Online) ; WP/06/62.
Subjects:	Petroleum products > Prices. Foreign exchange rates. Interest rates. Monetary policy.