We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced … and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation … increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing after two years and …

The effect that the recent decline in the price of oil has had on growth is far from clear, with many observers at odds … this puzzle by providing a systematic analysis of the effect of oil price shocks on growth for 72 countries comprising 92 ….8% of world GDP. We find that, on net, shocks driving the oil price in 2015 shaved off 0.2 percentage points of growth for …

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After … examining daily oil-related events since 1984, we classify them into various event types. We then develop measures of exogenous … shocks that avoid endogeneity and predictability concerns. Estimation results indicate that oil-price shocks have had …

and negative commodity terms-of-trade shocks. Using a sample of 27 oil-exporting countries and a panel VAR method, the … debt and low levels of international reserves–which also serve to amplify the volatility of the response; 3) the output …

that remove rigidities, output would fall. We also find that lower oil prices need not be bad news given more oil …-intensive production structures. However, lower oil prices have hurt these oil producers as their public finances depend heavily on oil … could support these economies to achieve better outcomes when oil prices fall, including via diversifying exports …

supply chain disruptions for inflation and monetary policy in sub-Saharan Africa. Increases in supply chain pressures have … had a sizeable impact on headline, food, and tradable inflation for a panel of 29 sub-Saharan African countries from 2000 … to 2022. Our findings suggest that central banks can stabilize inflation and output more efficiently by monitoring global …

CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of … the underestimation of inflation. Updated CPI weights should be developed as soon as is feasible, but flux in spending …

This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5percent. This …