Dresdner, Jorge; Letelier, Leonardo - In: Latin American Journal of Economics-formerly Cuadernos … 34 (1997) 101, pp. 49-70
The paper analyses the behavior of quarterly nominal wages in Chile between 1980.3 and 1995.3. The aim is to estimate a long run wage relationship that allows to identify periods of wage disequilibria. A vector autoregressive model is estimated with Johan