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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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.
|Subjects:||H Social Sciences > HB Economic Theory
H Social Sciences > HA Statistics
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||16 May 2006|
|Last Modified:||01 Jun 2011 06:37|
|Contact Email Address:||firstname.lastname@example.org|
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