Oil prices drive economic uncertainty in G7 countries, impacting global stability.
Oil prices affect economic policy uncertainty in G7 countries. A special method was used to study this relationship, allowing for changes in trends and effects over time. The impact of oil prices on uncertainty varied depending on the reasons for the price changes. The trend of economic policy uncertainty has been increasing in G7 countries over the years. The results were consistent even when considering other factors and different ways of analyzing the data.