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The Role of Global Oil Prices in US Monetary Policy Spillovers to Small Open Economies: Evidence From MINT Countries

Year: 2024

Type: article

Abstract: We explore the importance of global oil prices in the spillovers of US monetary policy to four small open economies (SOEs): Mexico, Indonesia, Nigeria, and Turkey (MINT). Our findings indicate that oil prices amplify the spillover effects on MINT’s real GDP. The negative impact is more pronounced when oil prices fall. This suggests that oil prices are a crucial determinant of US monetary policy spillovers.

Source: Energy RESEARCH LETTERS

DOI: 10.46557/001c.121266

Author: Saba Ndayezhin Danladi

Institution: Ahmadu Bello University

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4402131397