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), pp. 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
Digital Object Identifier (DOI): doi:10.1016/S0264-9993(99)00045-0
ISSNs: 0264-9993 (print)
Subjects:
ePrint ID: 32878
Date :
Date Event
2000Published
Date Deposited: 16 May 2006
Last Modified: 16 Apr 2017 22:18
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/32878

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