Monetary policy implications for an oil-exporting economy of lower long-run international oil prices

Borradores de Economia
Number: 
871
DOI: 
http://doi.org/10.32468/be.871
Published: 
Classification JEL: 
C61, E31, E37, E52, F41
Download document

The most recent

Density Estimation and Specification Testing for Nonparametric Regression Models
Zhibiao Zhao, Manuel Darío Hernández-Bejarano
Minimum Markup Laws and Multiproduct Pricing
Daniel Herrera-Araujo, Jorge Florez-Acosta
Unpaid Care Work and Regional Gender Gaps in Labor Force Participation in Colombia
Luis Armando Galvis-Aponte, Adriana Marcela Rivera-Zárate

The sudden collapse of oil prices poses a challenge to inflation targeting central banks in oil exporting economies. This paper illustrates that challenge and conducts a quantitative assessment of the impact of permanent changes in oil prices in a small a