Gallegati, M.; Gallegati, M.; Ramsey, James B.; … - In: Giornale degli Economisti 68 (2009) 2, pp. 113-148
In this paper we examine the features of the US wage Phillips curve over different time horizons analyzing the original Phillips’ specification on a scale-by-scale basis with data transformed by wavelet and band-pass filtering methods. Our results provide compelling evidence that the wage...