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Petre Caraiani

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Review Open access Dec 2026

Firm-level inflationary expectations in South Africa: The role of oil supply news shocks

Using a unique firm-level survey from the Bureau of Economic Research in South Africa covering a panel of 1,444 South African firms surveyed at quarterly frequency between 2000 and 2023, we examine how global oil news shocks shape firms’ inflation and wage expectations. We identify exogenous oil supply news shocks foll...

Petre Caraiani, Rangan Gupta · 0 citations

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