Mills, Terence; Pelloni, Gianluigi; Zervoyianni, Athina - In: Applied Economics Letters 4 (1997) 4, pp. 253-255
This paper presents estimates of a reduced-form unemployment equation for the UK using annual data from 1958 to 1992. It extends previous work by using modern time series econometrics, by focusing on variables that bring about fluctuations around the natural rate as well as variables that...
