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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, (doi:10.1016/S0264-9993(99)00045-0) , 9917).

Record type: Monograph (Working Paper)

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.

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Published date: 1999
Organisations: Economics

Identifiers

Local EPrints ID: 33152
URI: http://eprints.soton.ac.uk/id/eprint/33152
PURE UUID: e05b82a1-9d01-4b3c-b34e-f83f768554ec

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Date deposited: 24 May 2007
Last modified: 17 Jul 2017 15:53

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Contributors

Author: M. Marcellino
Author: G.E. Mizon

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