The Effects of Energy Price Shocks on Inflation: Lessons from the 2022 Crisis
The effects of energy price shocks on inflation have historically disrupted economies, significantly increasing production costs, affecting consumer spending power, and triggering severe inflationary pressures. The energy crisis of 2022, driven mainly by geopolitical tensions and global disruptions in energy supply, provides a modern context to better understand these dynamics. The 2022 Energy Crisis The … Read more