Second-round effects after oil-price shocks: evidence for the euro area and Germany

We investigate second-round effects caused by oil-price shocks, calculating wage responses net of those movements that are induced through CPI changes. Results show no strong evidence for second-round effects in the euro area, and even less so in Germany.

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Bibliographic Details
Main Authors: Enders, Almira (Author) , Enders, Zeno (Author)
Format: Article (Journal)
Language:English
Published: 15August2017
In: Economics letters
Year: 2017, Volume: 159, Pages: 208-213
ISSN:0165-1765
DOI:10.1016/j.econlet.2017.08.017
Online Access:Verlag, Volltext: http://dx.doi.org/10.1016/j.econlet.2017.08.017
Verlag, Volltext: http://www.sciencedirect.com/science/article/pii/S0165176517303403
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Author Notes:Almira Enders, Zeno Enders
Description
Summary:We investigate second-round effects caused by oil-price shocks, calculating wage responses net of those movements that are induced through CPI changes. Results show no strong evidence for second-round effects in the euro area, and even less so in Germany.
Item Description:Gesehen am 20.11.2017
Physical Description:Online Resource
ISSN:0165-1765
DOI:10.1016/j.econlet.2017.08.017