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).

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Description/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.

Item Type: Monograph (Working Paper)
Digital Object Identifier (DOI): doi:10.1016/S0264-9993(99)00045-0
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ePrint ID: 33152
Date :
Date Event
1999Published
Date Deposited: 24 May 2007
Last Modified: 16 Apr 2017 22:17
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/33152

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