Series: IMF Working Papers
Author(s): Peter Isard , Benjamin Hunt , and Douglas Laxton
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2001
Keywords: oil price shocks, MULTIMOD, inflation, monetary authorities, inflation target, monetary fund,
The paper uses MULTIMOD to analyze the macroeconomic effects of oil price shocks, distinguishing between temporary, more persistent, and permanent shocks. It provides perspectives on several findings in the literat...