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findings. (i) Monetary policy and financial activity shocks both have a significant effect on the oil price. (ii) Monetary … policy has made large positive contributions to oil price growth in 2008. (iii) Monetary policy affects the oil price …
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findings. (i) Monetary policy and financial activity shocks both have a significant effect on the oil price. (ii) Monetary … policy has made large positive contributions to oil price growth in 2008. (iii) Monetary policy affects the oil price …
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