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

Almira Enders and Zeno Enders

Economics Letters, 2017, vol. 159, issue C, 208-213

Abstract: 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.

Keywords: Second-round effects; Oil-price shocks; VARs (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:159:y:2017:i:c:p:208-213

DOI: 10.1016/j.econlet.2017.08.017

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