U.S. monetary policy spillovers to GCC countries : do oil prices matter?

by Olumuyiwa S. Adedeji, Erik Roos, Sohaib Shahid, and Ling Zhu

This paper provides empirical evidence that the size of the spillovers from U.S. monetary policy to non-oil GDP growth in the GCC countries depends on the level of oil prices. The potential channels through which oil prices could affect the effectiveness of monetary policy are discussed. We find that the level of oil prices tends to dampen or amplify the growth impact of changes in U.S. monetary policy on the non-oil economies in the GCC

MoreLess

Year of publication:	2019
Authors:	Adedeji, Olumuyiwa S. ; Roos, Erik ; Shahid, Sohaib ; Zhu, Ling
Publisher:	[Washington, DC] : International Monetary Fund
Subject:	Growth \| Gulf Corporation Council \| Spillovers \| U.S Monetary Policy \| Geldpolitik \| Monetary policy \| Arabische Golf-Staaten \| Gulf countries \| Spillover-Effekt \| Spillover effect \| USA \| United States \| Ölpreis \| Oil price \| Wirtschaftswachstum \| Economic growth

freely available

Full text |

More access options

www.elibrary.imf.org

doi.org

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

Extent:	1 Online-Ressource (circa 16 Seiten) Illustrationen
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. WP/19, 304
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
ISBN:	978-1-5135-1935-7
Other identifiers:	10.5089/9781513519357.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012155248