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https://scholarhub.balamand.edu.lb/handle/uob/2267| Title: | Monetary policy: time for oil price targeting | Authors: | Ali, Nabil Al Mardini, Patrick |
Affiliations: | Department of Economics | Keywords: | Oil prices Fed funds Exchange rate VAR |
Subjects: | Monetary policy | Issue Date: | 2016 | Part of: | Journal of international finance and economic | Volume: | 16 | Issue: | 1 | Start page: | 61 | End page: | 72 | Abstract: | This paper examines the 1987-2013 period and reveals the substantial feedback occurring between the United States' monetary policy and oil returns. Feedback also exists between oil returns and the American dollar's appreciation or depreciation. Results indicate that the dollar price of oil matters to the Federal Reserve more than the dollar's exchange rate. The U.S monetary authorities have the ability to target oil prices in times where oil is an indicator of the health of global economy. This goal becomes increasingly relevant if global financial stability is in the balance. |
URI: | https://scholarhub.balamand.edu.lb/handle/uob/2267 | Type: | Journal Article |
| Appears in Collections: | Department of Economics |
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