How does the European Central Bank react to oil prices?

Guillaume L'oeillet; Julien Licheron

doi:10.1016/j.econlet.2012.04.035

How does the European Central Bank react to oil prices?

Guillaume L'oeillet, Julien Licheron

Urban Development & Mobility

Research output: Contribution to journal › Article › peer-review

Abstract

Monetary policy may constitute a short-term explanation of the non-linearity in the relationship between oil prices and output. The role of oil prices in the ECB reaction is thus investigated with an extended Taylor rule including several oil prices indicators.

Original language	English
Pages (from-to)	445-447
Number of pages	3
Journal	Economics Letters
Volume	116
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2012.04.035
Publication status	Published - 1 Sept 2012

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10.1016/j.econlet.2012.04.035

Cite this

@article{ca3e991d196147d39ca2e7b7e84afbd0,

title = "How does the European Central Bank react to oil prices?",

abstract = "Monetary policy may constitute a short-term explanation of the non-linearity in the relationship between oil prices and output. The role of oil prices in the ECB reaction is thus investigated with an extended Taylor rule including several oil prices indicators.",

keywords = "oil prices, monetary policy, nonlinearity",

author = "Guillaume L'oeillet and Julien Licheron",

year = "2012",

month = sep,

day = "1",

doi = "10.1016/j.econlet.2012.04.035",

language = "English",

volume = "116",

pages = "445--447",

journal = "Economics Letters",

issn = "0165-1765",