Drobyshevsky, Sergey; Kozlovskaya, A.; Trunin, Pavel - Gaidar Institute for Economic Policy - 2004
The paper deals with an analysis of efficacy of monetary and credit policy in the major oil_exporting economies from the perspective of sterilization of shocks caused by money offer generated by fluctuations of export revenues fueld by oil price fluctuation on the global market. Basing on...