Modelling shifts in the wage-price and unemployment-inflation relationships in Italy, Poland, and the UK


Marcellino, M. and Mizon, G.E. (1999) Modelling shifts in the wage-price and unemployment-inflation relationships in Italy, Poland, and the UK. Southampton, UK, University of Southampton (Discussion Papers in Economics and Econometrics 9917).

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Description/Abstract

The relationship between wages, prices, productivity, inflation and unemployment in Italy, Poland, and the UK between the 1960s and the early 1990s 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: Monograph (Working Paper)
Related URLs:
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HJ Public Finance
Divisions: University Structure - Pre August 2011 > School of Social Sciences > Economics
ePrint ID: 33152
Date Deposited: 24 May 2007
Last Modified: 27 Mar 2014 18:20
URI: http://eprints.soton.ac.uk/id/eprint/33152

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