?This book provides must-know information on energy economics in a reader-friendly format without excessive and complicated amounts of mathematics. It is the first book to provide modelling for oil prices while incorporating monetary policy. Monetary policy is a key factor that is neglected in many earlier books on the determinants of asset prices, including oil prices. However, this book explains that monetary policy is a key element that plays a significant role in setting global oil prices. This book also provides a complete theoretical framework on the determinants of crude oil prices and the transmission channels of oil shocks to the economy. Moreover, it provides several up-to-date surveys and examples from the real world on the empirical side of energy economics. The empirical studies in the book provide explanations for the impact of monetary policy on crude oil prices in different periods including during the sub-prime mortgage crisis of 2008–2009, the impact of oil price fluctuations on developed and emerging economies, the effectiveness of monetary policy in the Japanese economy incorporating energy prices, and the macroeconomic impacts of oil price movements in trade-linked cases.
- ISBN: 978-4-431-55796-8
- Editorial: Springer
- Encuadernacion: Cartoné
- Páginas: 150
- Fecha Publicación: 02/01/2016
- Nº Volúmenes: 1
- Idioma: Inglés