Girardi, Riccardo; Paruolo, Paolo - In: Economic Modelling 35 (2013) C, pp. 643-653
, deviations from reference values are found to influence unemployment for all countries, including the UK. Only for Germany and … unemployment for the five major European economies. The dynamic adjustment and the level relations are found to be different across … Spain, instead, we find evidence that deviations from reference values influence inflation dynamics. …