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Economic policy propositions: an overview

In: Monetary Policy and Crude Oil

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Abstract

This chapter starts with the identification of the main problems arising from the connections of monetary policy and financial markets with the crude oil market. First, financial investment in the oil futures market enhances oil price volatility and hence financial and economic instability. Second, since an increased oil price caused by speculation raises investment in the spot market, we end up with higher oil production and consumption, which is a problem against the background of climate change. Several existing policy propositions aiming at addressing stability and ecological sustainability are considered. These are futures market regulation, counteracting oil market interventions, an oil supply target and a tax on oil production. All of the approaches feature some strengths and some weaknesses.

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  • ., 2017. "Economic policy propositions: an overview," Chapters, in: Monetary Policy and Crude Oil, chapter 5, pages 199-222, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17697_5
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    1. Bhoi, Prakashbhai R. & Huhnke, Raymond L. & Kumar, Ajay & Indrawan, Natarianto & Thapa, Sunil, 2018. "Co-gasification of municipal solid waste and biomass in a commercial scale downdraft gasifier," Energy, Elsevier, vol. 163(C), pages 513-518.
    2. Ma, Jie & Tse, Ying Kei & Wang, Xiaojun & Zhang, Minhao, 2019. "Examining customer perception and behaviour through social media research – An empirical study of the United Airlines overbooking crisis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 192-205.
    3. Mays, Jacob & Morton, David P. & O’Neill, Richard P., 2021. "Investment effects of pricing schemes for non-convex markets," European Journal of Operational Research, Elsevier, vol. 289(2), pages 712-726.
    4. Jimenez, Marcia P. & Wellenius, Gregory A. & Subramanian, S.V. & Buka, Stephen & Eaton, Charles & Gilman, Stephen E. & Loucks, Eric B., 2019. "Longitudinal associations of neighborhood socioeconomic status with cardiovascular risk factors: A 46-year follow-up study," Social Science & Medicine, Elsevier, vol. 241(C).

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    Keywords

    Economics and Finance; Environment;

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