political environment. The results indicate that crude oil price has significantly affects USA (VA), China (VA), USA (PS), China … (PS), Japan (PS), USA (GE), Japan (GE), USA (RQ), China (RQ), USA (RL), Japan (RL), USA (CC), and Japan (CC). An … USA while least affecting India. The empirical finding in this study provides a new understanding of the relationship …

This paper seeks to document and explain the effect of a commodity price shock on underlying core inflation, and how … across many countries there was a break in the response of core inflation to a commodity price shock. In an earlier period, a … shock to commodity prices would lead to a large and significant increase in core inflation, but in later periods, the effect …