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Deficits, Money Growth and Inflation in Italy: 1875–1994

✍ Scribed by Carlo A. Favero; Franco Spinelli

Book ID: 108557530
Publisher: John Wiley and Sons
Year: 1999
Tongue: English
Weight: 439 KB
Volume: 28
Category: Article
ISSN: 0391-5026
DOI: 10.1111/1468-0300.00004

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## Abstract The relationships between real wages, output per capita, inflation and unemployment in Italy between 1970 and 1994 are modelled using a cointegrated vector autoregression. There is evidence of a change in the underlying equilibria and in the dynamic evolution of the variables, probably