Bouakez, Hafedh; Rebei, Nooman; Vencatachellum, Désiré - Centre Interuniversitaire sur le Risque, les Politiques … - 2008
policy, the government can improve social welfare by limiting the degree of pass-through of oil prices. We find, however … that, to the extent that monetary policy is capable of stabilizing the economy, government intervention in the oil market …, that the welfare gain from pursuing such a policy is negligible. …