01905cas a2200313 a 4500 AALejournalIMF023189 230101c9999 xx r poo 0 0eng d 9798400219351 20.00 USD 1018-5941 BD-DhAAL BD-DhAAL Baba, Chikako. Second-Round Effects of Oil Price Shocks - Implications for Europe's Inflation Outlook / Chikako Baba, Jaewoo Lee. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The pass-through effects of oil price shocks on wage and consumer price inflation vary with the states or structural characteristics of an economy. The effects have declined over time in Europe and been higher in emerging European economies than in advanced economies. The pass-through to wages is found to have been higher when the prevailing level of inflation was higher or when the degrees of unionization and centralized bargaining were higher, while lower under a higher credibility of monetary policy. The effects of oil price shocks on core inflation and inflation expectations are consistent with their effects on wages. Mode of access: Internet Inflation imf Oil Prices imf Pass-Through imf Second-Round Effects imf Wages imf Lee, Jaewoo. IMF Working Papers; Working Paper ; No. 2022/173 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=173 IMF e-Library