Exploring the Nexus Between Oil Price Shocks, Inflation and Monetary Policy in the United States: A Structural VAR Investigation
This study examined the effect of West Texas Intermediate (WTI) crude oil price shocks on key macroeconomic variables, namely the Consumer Price Index (CPI), Brent crude oil prices and Federal Reserve Rate (FEDRATE). Monthly data from 2010 to 2025 were used to examine the short- and long-run effects of oil price fluctu...