Economics, Econometrics and Finance
4 years ago

European Central Bank's Response to Oil Prices Impacts Economic Stability.

RePEc: Research Papers in Economics
How does the European Central Bank react to oil prices
Guillaume L’Oeillet, Julien Licheron

Paper Summary

The European Central Bank's response to oil prices affects the economy. Researchers studied this by looking at different oil price indicators in a model. They found that the ECB's reaction to oil prices can explain why the relationship between oil prices and output is not always straightforward.

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