What a puzzle! Unravelling why UK Phillips curves were unstable
The UK relationship between nominal wage inflation and the unemployment rate is unstable. Over sub-periods of the last 160 years of turbulent data, Phillips curve slopes range from strongly negative, slightly negative, flat, slightly positive and strongly positive. Our constant-parameter congruent m...
| প্রধান লেখক: | , |
|---|---|
| বিন্যাস: | Journal article |
| ভাষা: | English |
| প্রকাশিত: |
Wiley
2024
|