Chapter 5: The Influence of Inflation and Oil Price Shocks on Stock Market Returns: A Bibliometric Analysis

Purpose: This study investigates the influence of inflation and oil price fluctuations on stock prices and returns. A thorough bibliometric analysis of research articles published in the last 22 years has been conducted to achieve this objective.

Need for the Study: Inflation and oil prices are critical macroeconomic variables that significantly impact the economy, including the stock market. It is crucial for investors and policymakers to understand the complex relationship between these economic variables and the stock market.

Methodology: The study employed a bibliometric analysis to identify the most influential authors, institutions, and research themes related to the impact of inflation and oil prices on stock prices.

Findings: The study identified that the fluctuations of the stock market are significantly influenced by both inflation and oil prices. This relationship has been extensively studied in the literature, with several key research themes identified. These themes include the effects of inflation and oil prices on various sectors and industries, the role played by monetary and fiscal policy, and the impact of international trade and global economic conditions.

Practical Implications: The insights that have emerged have significant implications for investors and policymakers. It highlights the need for risk management strategies and mitigation of macroeconomic factors’ impact on stock prices.