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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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)|
|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
|Date Deposited:||24 May 2007|
|Last Modified:||08 Jun 2012 12:59|
|Publisher:||University of Southampton|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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