Modelling Shifts in the Wage- Price and Inflation-Unemployment Relationships in Italy, Poland, and the UK


Marcellino, Massimiliano and Mizon, Grayham E. (2000) Modelling Shifts in the Wage- Price and Inflation-Unemployment Relationships in Italy, Poland, and the UK. Economic Modelling, 17, (3), 387-413. (doi:10.1016/S0264-9993(99)00045-0).

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Description/Abstract

The relationship between wages, prices, productivity, inflation, and unemployment in Italy, Poland, and the UK between the 1960’s and the early 1990’s is modelled as a cointegrated vector autoregression subject to regime shifts.

For each of these economies there is clear evidence of a change in the underlying equilibria of this sector of the economy. Hypotheses concerning the similarity of the transition from a rigid to a flexible labour market are tested.

Item Type: Article
ISSNs: 0264-9993 (print)
Related URLs:
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HA Statistics
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 32878
Date Deposited: 16 May 2006
Last Modified: 27 Mar 2014 18:20
URI: http://eprints.soton.ac.uk/id/eprint/32878

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