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 …

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 …

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After … shocks that avoid endogeneity and predictability concerns. Estimation results indicate that oil-price shocks have had … oil-supply shocks from endogenous oil-price fluctuations driven by changes in oil demand …

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 …

on monopoly markup fall short since inflation remained low after 2009. This paper contributes strong evidence of Granger …

Models that treat innovations to the price of energy as predetermined with respect to U.S. macroeconomic aggregates are … the transmission of energy price shocks. Since exactly identifying assumptions are inherently untestable, this approach in …

Do euro area inflation expectations remain well-anchored? This paper finds that the protractedperiod of low (and below …-target) inflation in the euro area since 2013 has weakened theiranchoring. Testing their sensitivity to inflation and macroeconomic news …. Second, the reactions of expectations are investigated at daily, time-varying and intradayfrequency regressions to add …

U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well … correlated with the variance of longer-term inflation expectations in the University of Michigan Survey of Consumers in the post …-crisis period. These results are not attributable to looser monetary policy - oil price increases were associated with expectations …

One of the central questions in recent macroeconomic history is to what extent monetary policy as opposed to oil price … related to the oil market played a major role in causing both the major oil price increases of the 1970s and stagflation in … many economies. A competing view exemplified by Bernanke, Gertler and Watson (1997) is that the oil price shocks of the …

responses to the inflation triggered by oil price shocks are an important source of aggregate fluctuations in the U.S. economy … VAR models, the Federal Reserve was not responding to the inflation triggered by oil price shocks, as commonly presumed …. We show that there is no evidence of systematic monetary policy responses to oil price shocks after 1987 and that this …