Monetary Policy in Fossil Fuel Exporters : The Curse of Horizons

Monetary Policy in Fossil Fuel Exporters : The Curse of Horizons

This paper examines the role of monetary policy in fossil fuel exporters at different horizons. The main argument is that central banks in these economies need to look beyond the horizon of the business cycle. In the short run, (independent) moneta...

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Bibliographic Details
Main Author: Arezki, Rabah
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
MONETARY POLICY
COMMODITY EXPORTERS
POLICY COORDINATION
STRANDED ASSETS
OIL PRICE
TERMS OF TRADE SHOCK
PRICE VOLATILITY
EXCHANGE RATE REGIME
BUSINESS CYCLE
INFLATION TARGET
Online Access:http://documents.worldbank.org/curated/en/237551560255567369/Monetary-Policy-in-Fossil-Fuel-Exporters-The-Curse-of-Horizons
http://hdl.handle.net/10986/31871

Internet

http://documents.worldbank.org/curated/en/237551560255567369/Monetary-Policy-in-Fossil-Fuel-Exporters-The-Curse-of-Horizons
http://hdl.handle.net/10986/31871

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