Wages and prices in the UK

被引:2
|
作者
Mills, TC [1 ]
Wood, GE
机构
[1] Univ Loughborough, Dept Econ, Loughborough LE11 3TU, Leics, England
[2] City Univ Business Sch, Dept Banking & Finance, London, England
关键词
D O I
10.1080/00036840210135845
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates the relationship between wages and prices in the UK using a VECM formulation and generalized impulse response functions and persistence profiles. Because of significant feedbacks, it finds that fluctuations in wage growth cannot be used directly to predict fluctuations in inflation.
引用
收藏
页码:2143 / 2149
页数:7
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