Browsing Statistisk sentralbyrå by Subject "Wage equations"
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Wage equations in macro models. Phillips curve versus error correction model determination of wages in large-scale UK macro models
(Discussion Paper;No. 98, Working paper, 1993-08)In this article the implications of implementing either a Phillips curve or an Error Correction type of wage equation in macro models are investigated. First the implications in an small theoretical model is studied. ...