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Trend reversion in real output and unemployment

✍ Scribed by Peter K. Clark

Book ID
103689331
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
949 KB
Volume
40
Category
Article
ISSN
0304-4076

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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