Economics, Econometrics and Finance
4 years ago

Oil price hikes driven by demand, not supply disruptions, impact economy. Accommodative monetary policy key for stability.

RePEc: Research Papers in Economics
Nature of Oil Price Shocks and Monetary Policy
Junhee Lee, Joonhyuk Song

Paper Summary

Oil price shocks in Korea have shifted from supply disruptions to increased demand. Monetary policy responses to these shocks impact economic stability, with accommodative policies leading to more stable outcomes.

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