Ghent University Academic Bibliography


Project: Oilprice shocks, Economic Fluctuations and Monetary policy

project duration
01-OCT-06 – 30-SEP-08
The Phd's central research question is: "What is the optimal monetary policy to be conducted after the occurrence of an oil shock?". To answer this research question, I first analyse the economic consequences and the channels through which oil shocks hit the economy. As a response to the drawbacks of the VAR-analyses, the research is conducted on the basis of DSGE-models which are estimated with bayesian estimation techniques. The analysis is also extended to the situation of an open economy. In this way the effects of oil shocks on exchange rates, trade flows, fianancial flows, … can be analysed.