U.S. Monetary Policy Spillovers to GCC Countries: Do Oil Prices Matter?

U.S. Monetary Policy Spillovers to GCC Countries: Do Oil Prices Matter?
This paper provides empirical evidence that the size of the spillovers from U.S. monetary policy to non-oil GDP growth in the GCC countries depends on the level of oil prices. The potential channels through which oil prices could affect the effectiveness of monetary policy are discussed. We find that the level of oil prices tends to dampen or... READ MORE...

Publication date: December 2019
ISBN 9781513519357
$18.00

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