Castle, Jennifer L.; Hendry, David F. - In: Journal of Macroeconomics 31 (2009) 1, pp. 5-28
As it is almost 50 years since the Phillips curve, we analyze an historical series on UK wages and their determinants [see Phillips, A.W.H., 1958. The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861-1957. Economica, 25, 283-299]. Huge changes...