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B The Price Dynamics
The ModelLag Structure
16 other sections not shown
annual data assumed assumption average Belgium Bodkin change in unemployment changes in wages Chapter coefficient collective bargaining cost of living countries demand for labor dependent variable derived Dicks-Mireaux dummy variable Eckstein Econometric Economica EEC-countries employers excess demand factor four quarter overlapping France Germany implied import prices included income policy indicated indifference curves industry inflation rate Italy Job Vacancies labor market labor productivity Lipsey negotiated Netherlands observation period obtained OECD ordinary least squares Phillips curve price changes price equation price stability price variable quarter overlapping interval rate of change rate of inflation Review of Economic sectors Theory of Wage trade-off relationship unemployed unemployment and inflation unemployment rate unemployment-inflation trade-offs union vacancy data vacancy statistics wage bargaining wage changes wage determination wage drift wage dynamics wage earnings wage equation wage increases wage policy wage settlements wage-price dynamics Wage-price model wages and prices West Germany workers