Unpublished Paper
What to do when they close the Strait of Hormuz
(2007)
Abstract
This paper provides a non-mathematical analysis of options available to fiscal and monetary authorities in the event of a major oil supply disruption. It argues for distinguishing between "price" shocks and "quantity" shocks.
Keywords
- oil shock,
- Strait of Hormuz,
- monetary policy coordination
Disciplines
Publication Date
2007
Citation Information
Harry D. Saunders. "What to do when they close the Strait of Hormuz" (2007) Available at: http://works.bepress.com/harry_saunders/21/