Alogoskoufis, George - C.E.P.R. Discussion Papers - 1988
In this paper I investigate the relationships between wage adjustment, competitiveness, and aggregate fluctuations in … is on the supply side. Competitiveness is defined as the relative price of traded to nontraded goods. The model can … account quite well for fluctuations in UK competitiveness, output, wages and the terms of trade, and is used to examine the …