Monetary policy changes could impact oil prices and global economy.
The article explores how changes in monetary policy can affect oil prices and other commodity prices. It looks at the relationship between different economic factors and how they impact the prices of gas and other commodities compared to oil. The researchers also investigate how monetary policy influences oil prices through various channels. By analyzing past data and simulating different oil price shocks, they found that a $30 increase in oil prices can have significant effects on the economy.