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

Record type: Article

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.

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Citation

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).

More information

Published date: 2000
Organisations: Economics

Identifiers

Local EPrints ID: 32878
URI: http://eprints.soton.ac.uk/id/eprint/32878
ISSN: 0264-9993
PURE UUID: 95115e7e-66c6-4c30-a105-3bffcef423d2

Catalogue record

Date deposited: 16 May 2006
Last modified: 17 Jul 2017 15:54

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Contributors

Author: Massimiliano Marcellino
Author: Grayham E. Mizon

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