U.S. Monetary Policy Spillovers to GCC Countries : Do Oil Prices Matter?

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

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Year of publication:	2020
Authors:	Adedeji, Olumuyiwa
Other Persons:	Roos, Erik (contributor) ; Shahid, Sohaib (contributor) ; Zhu, Ling (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Arabische Golf-Staaten \| Gulf countries \| Ölpreis \| Oil price \| Spillover-Effekt \| Spillover effect \| USA \| United States

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Extent:	1 Online-Ressource (16 p)
Series:	IMF Working Paper ; No. 19/304
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 2019 erstellt
Other identifiers:	10.2139/ssrn.3524323 [DOI]
Classification:	E44 - Financial Markets and the Macroeconomy ; F14 - Country and Industry Studies of Trade ; F15 - Economic Integration ; F42 - International Policy Coordination and Transmission ; O47 - Measurement of Economic Growth; Aggregate Productivity ; E01 - Measurement and Data on National Income and Product Accounts and Wealth ; G21 - Banks; Other Depository Institutions; Mortgages ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; G13 - Contingent Pricing; Futures Pricing ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012843292