Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5057601 | Economics Letters | 2017 | 6 Pages |
Abstract
â¢We estimate second-round effects (SRE) on wages induced by oil-price shocks.â¢Specifically, we show wage responses net of movements induced through CPI changes.â¢We do so by using a structural vector autoregression methodology.â¢Results show that there is no strong evidence for SRE in the euro area and even less so in Germany in response to oil-price shocks.
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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Authors
Almira Enders, Zeno Enders,