April 2020. Using a 5-variable structural vector autoregression (SVAR) model, the study identifies an oil price shock … that a pandemic shock causes a delayed decrease in oil prices. Moreover, financial market conditions that affect financial … decomposition and finds that the impact of a pandemic shock, financial speculation shock, and aggregate demand shock are crucial in …

Recent energy and food price surges, in the wake of Russia's invasion of Ukraine, have exacerbated inflation … pressuresthat are unusually high by the standards of the past two decades. High and rising inflation has prompted many emerging …. Inflation is expected to ease back towards targets over the medium-term as recent shocks unwind, but the 1970s experience is a …