Federal Reserve Bank of Cleveland
Oil prices, monetary policy, and the macroeconomy
Recessions are associated with both rising oil prices and increases in the federal funds rate. Are recessions caused by the spikes in oil prices or by the sharp tightening of monetary policy? The authors discuss how to disentangle these two effects.
Cite this item
Charles T. Carlstrom & Timothy S. Fuerst, "Oil prices, monetary policy, and the macroeconomy"
, Federal Reserve Bank of Cleveland, Economic Commentary, issue Jul, 2005.
Keywords: Petroleum products - Prices ; Monetary policy
This item with handle RePEc:fip:fedcec:y:2005:i:jul
is also listed on EconPapers
For corrections, contact 4D Library ()