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

Modelling shifts in the wage-price and unemployment-inflation relationships in Italy, Poland, and the UK
Modelling shifts in the wage-price and unemployment-inflation relationships in Italy, Poland, and the UK
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.
9917
University of Southampton
Marcellino, M.
d6e08f44-4d93-4dd5-9dff-06a0523b1628
Mizon, G.E.
2b8353b4-0af4-48db-b552-6867dc1f4583
Marcellino, M.
d6e08f44-4d93-4dd5-9dff-06a0523b1628
Mizon, G.E.
2b8353b4-0af4-48db-b552-6867dc1f4583

(1999) Modelling shifts in the wage-price and unemployment-inflation relationships in Italy, Poland, and the UK (Discussion Papers in Economics and Econometrics, , (doi:10.1016/S0264-9993(99)00045-0), 9917) Southampton, UK. University of Southampton

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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