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and world oil prices using a vector autoregressive (VAR) approach. We focus on an economy, which is a non-OPEC oil …
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This paper examines the relationship between monetary policy and oil prices within a world oil demand and supply model … interest rates led to high oil price volatility in 2005. Data shows that world economic growth and price stability require …
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Intro -- Content -- I. INTRODUCTION -- II. OIL PRICE VOLATILITY -- III. THE DEMAND AND SUPPLY OF CRUDE OIL -- IV. ROLE OF MONETARY POLICY IN THE OIL MARKETS -- V. SOLUTION OF THE SEM -- VI. CONCLUSIONS -- APPENDIX -- REFERENCES.
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