L'horty, Yannick; Rault, Christophe - In: Applied Economics 36 (2004) 4, pp. 277-290
This study examines the set of interdependences between the formation of wages, prices and the minimum wage (SMIC) through a vectorial error correction model estimated on French quarterly macroeconomic data covering the 1970-1/1999-4 period. Two periods are distinguished: the period of inflation...