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Oil and the Macroeconomy

Dates:
  • Mon 28 May 2018 09.00 - 19.00
  • Tue 29 May 2018 09.00 - 19.00
  • Wed 30 May 2018 09.00 - 19.00
  Add to Calendar 2018-05-28 9:00 2018-05-30 19:00 Europe/Paris Oil and the Macroeconomy

The course covers the determination of the price of oil in global markets and the relationship between the price of oil and the macroeconomy (inflation, growth, financial markets). Both empirical approaches and theoretical models are discussed along with institutional background. The course examines selected episodes such as the surges in the price of oil in the late 1970s and mid-2000s, the spikes in the price of oil in 1973/74 and 1990/91, as well as the oil price declines of 1986 and 2014-16. It also deals with optimal monetary policy responses to oil price shocks and the possible role of asymmetries in the transmission of oil price shocks as well as implications of the shale oil revolution in the United States.

Theatre DD/MM/YYYY
  Theatre

The course covers the determination of the price of oil in global markets and the relationship between the price of oil and the macroeconomy (inflation, growth, financial markets). Both empirical approaches and theoretical models are discussed along with institutional background. The course examines selected episodes such as the surges in the price of oil in the late 1970s and mid-2000s, the spikes in the price of oil in 1973/74 and 1990/91, as well as the oil price declines of 1986 and 2014-16. It also deals with optimal monetary policy responses to oil price shocks and the possible role of asymmetries in the transmission of oil price shocks as well as implications of the shale oil revolution in the United States.


Location:
Theatre

Affiliation:
Robert Schuman Centre for Advanced Studies

Type:
Workshop

Contact:
Francesca Elia - Send a mail

Organiser:
Euro Area Business Cycle Network

Links:
Call for papers
 
 

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