Kilian, Lutz; Zhou, Xiaoqing - 2022
energy is embodied in the prices of goods and services that consumers buy, say when purchasing an airline ticket or when …, that not all energy is derived from oil, and that the correlation of price shocks across energy markets is far from one … gasoline used to operate a vehicle, electricity to light a home, or natural gas to heat a home. At other times, the cost of …