Comment on "The long-run determinants of UK wages, 1860-2004"
Publikation: Bidrag til tidsskrift › Kommentar/debat › Forskning
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Comment on "The long-run determinants of UK wages, 1860-2004". / Nielsen, Heino Bohn.
I: Journal of Macroeconomics, Bind 31, Nr. 1, 2009, s. 29-34.Publikation: Bidrag til tidsskrift › Kommentar/debat › Forskning
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TY - JOUR
T1 - Comment on "The long-run determinants of UK wages, 1860-2004"
AU - Nielsen, Heino Bohn
N1 - JEL classification: J3, C2
PY - 2009
Y1 - 2009
N2 - This comment discusses the presence of Phillips-curve effects for the UK, 1860-2004. A reconsideration of the empirical evidence in Castle and Hendry (2009) seems to suggest different functional relationships between wage inflation and unemployment for different periods. We conclude that the role of unemployment may have changed over time - but it has certainly not disappeared.
AB - This comment discusses the presence of Phillips-curve effects for the UK, 1860-2004. A reconsideration of the empirical evidence in Castle and Hendry (2009) seems to suggest different functional relationships between wage inflation and unemployment for different periods. We conclude that the role of unemployment may have changed over time - but it has certainly not disappeared.
U2 - 10.1016/j.jmacro.2007.10.002
DO - 10.1016/j.jmacro.2007.10.002
M3 - Comment/debate
VL - 31
SP - 29
EP - 34
JO - Journal of Macroeconomics
JF - Journal of Macroeconomics
SN - 0164-0704
IS - 1
ER -
ID: 10453751