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Bank of Canada RSS Feedsen2024-03-28T12:02:16+00:00How Changes in Oil Prices Affect the Macroeconomy
https://www.bankofcanada.ca/2009/12/working-paper-2009-33/
We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price changes to be transmitted through temporary demand and supply channels (affecting the output gap), as well as through persistent supply side effects (affecting trend growth).2009-12-15T14:47:31+00:00enHow Changes in Oil Prices Affect the Macroeconomy2009-12-15Economic modelsInterest ratesMonetary policy transmissionPotential outputProductivityWorking Paper 2009-33 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-33.pdfHow Changes in Oil Prices Affect the MacroeconomyBrian DePrattoCarlos De ResendePhilipp MaierDecember 2009FF4F41QQ4Q43