Abstract

ABSTRACT I revisit the old debate on the role of ‘oil price shocks’ in stoking inflation using wavelet coherency of oil and overall price inflation as well as partial coherency of the same given changes in real money supply. While exogenous shocks can influence the nature of short-term inflation fluctuations, I find support for inflation in early 2022 being a lagged demand-driven response to massive monetary growth in 2020.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.