The Macroeconomic Effects of Higher Oil Prices
The Macroeconomic Effects of Higher Oil Prices
复制标题
油价上涨对宏观经济的影响
DOI：
10.1177/002795010217900111
复制
发表时间：
2001
影响因子：
2.1
通讯作者：
D. Laxton
中科院分区：
文献类型：
--
作者：
Benjamin L Hunt;Peter Isard;D. Laxton
本文使用 MULTIMOD 分析石油价格冲击的宏观经济影响，区分暂时的、更持久的和永久性的冲击。它提供了对文献中的一些发现以及货币政策在影响宏观经济结果中的关键作用的看法。特别关注油价上涨传导至核心通胀的渠道、政策反应延迟的影响，以及在正确的政策反应不确定时偏向不同方向的相对优点。
The paper uses MULTIMOD to analyse the macroeconomic effects of oil price shocks, distinguishing between temporary, more persistent, and permanent shocks. It provides perspectives on several findings in the literature and the key role of monetary policy in influencing macroeconomic outcomes. Specific attention is paid to the channels through which oil price increases can pass through into core inflation, the implications of delayed policy responses, and the relative merits of leaning in different directions when the correct policy response is uncertain.