Nexus of Asymmetric Variations in Oil Prices and Inflation in Morocco: An Econometric Study Using the NARDL Model
This study examines the impact of asymmetric oil price fluctuations on inflation in Morocco over the period 1998Q1–2022Q4. Given the country’s dependence on imported energy, it employs the Nonlinear Autoregressive Distributed Lag (NARDL) model to investigate the short- and long-run asymmetric effects of oil price shock...