Overview
- Offers a reader-friendly treatment of the topic from both theoretical and empirical approaches
- Useful for researchers and graduate students as well as those who have an interest in the energy economics
- Includes several up-to-date examples of energy economics from a real world perspective
Part of the book series: ADB Institute Series on Development Economics (ADBISDE)
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
About this book
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, including oil prices. However, this book presents a framework for modeling oil prices while incorporating monetary policy. It also provides a complete theoretical basis of the determinants of crude oil prices and the transmission channels of oil shocks to the economy. Moreover, using several up-to-date surveys and examples from the real world, this book gives insight into the empirical side of energy economics. The empirical studies offer explanations for the impact of monetary policy on crude oil prices in different periods including during the subprime mortgage crisis of 2008–2009, the impact of oil price variations on developed and emerging economies, the effectiveness of monetary policy in the Japanese economy incorporating energy prices, and the macroeconomic impacts of oil price movements in trade-linked cases. This must-know information on energy
economics is presented in a reader-friendly format without being overloaded with excessive and complicated calculations. enUsed="false" QFormat="true" Name="Subtle Emphasis"/>Editors and Affiliations
Bibliographic Information
Book Title: Monetary Policy and the Oil Market
Editors: Naoyuki Yoshino, Farhad Taghizadeh-Hesary
Series Title: ADB Institute Series on Development Economics
DOI: https://doi.org/10.1007/978-4-431-55797-5
Publisher: Springer Tokyo
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Japan KK 2016
Hardcover ISBN: 978-4-431-55796-8Published: 14 March 2016
Softcover ISBN: 978-4-431-56695-3Published: 25 April 2018
eBook ISBN: 978-4-431-55797-5Published: 04 March 2016
Series ISSN: 2363-9032
Series E-ISSN: 2363-9040
Edition Number: 1
Number of Pages: XVIII, 143
Number of Illustrations: 3 b/w illustrations, 26 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics, Energy Policy, Economics and Management, Fossil Fuels (incl. Carbon Capture), Development Economics, International Economics