Please use this identifier to cite or link to this item: http://library.cbn.gov.ng:8092/jspui/handle/123456789/481
Title: The macroeconomic effects of higher oil prices, IMF Working Paper WP/01/14 By Benjamin Hunt, Peter Isard and Douglas Laxton: a review.
Authors: Masha, Iyabode
Keywords: Macroeconomics
Higher oil prices
Oil prices shock
Monetary policy
Issue Date: Mar-2002
Publisher: Central Bank of Nigeria, Research Department.
Citation: Masha,I, (2002). The macroeconomic effects of higher oil prices, IMF Working Paper WP/01/14 By Benjamin Hunt, Peter Isard and Douglas Laxton: a review. Economic and Financial Review, 40(1), 119-126
Series/Report no.: Vol. 40;No.1
Abstract: The objective of the article was to use the IMF's multi-country model, MULTIMOD, to analyze the macroeconomic effects of oil prices shocks, with particular focus on the implications to economic activity and inflation in the industrial countries. The authors believed that the MULTIMOD simulations could shed more light on the basic issues that have dominated empirical enquiry on oil price increases, as well as provide some perspectives on the key channels of transmission and the implications for monetary policy. This review examines the main issues discussed in the paper.
URI: http://library.cbn.gov.ng:8092/jspui/handle/123456789/481
ISSN: 1957 - 2968
Appears in Collections:Economic and Financial Review

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