Wages and prices in the UK

This paper investigates the relationship between wages and prices in the UK using a VECM formulation and generalized impulse response functions and persistence profiles. Because of significant feedbacks, it finds that fluctuations in wage growth cannot be used directly to predict fluctuations in inflation.

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Year of publication:	2002
Authors:	Mills, Terence ; Wood, Geoffrey
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 34.2002, 17, p. 2143-2149
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009205209