Elsayed, Ahmed H.; Hammoudeh, Shawkat M.; Sousa, Ricardo M. - 2021
We investigate the interconnectedness between CPI inflation in the G7 countries and China and oil price inflation over … inflation rates and the oil price inflation. This relationship is not only time-varying, but also has been rising over time and …, remarkably so, during the oil crises and financial stress episodes. We also show that the oil price inflation is a crucial …