dc.contributor.author | Bårdsen, Gunnar | nb_NO |
dc.contributor.author | Hurn, Stan | nb_NO |
dc.contributor.author | McHugh, Zoë | nb_NO |
dc.date.accessioned | 2014-12-19T14:31:59Z | |
dc.date.available | 2014-12-19T14:31:59Z | |
dc.date.created | 2006-10-10 | nb_NO |
dc.date.issued | 2002 | nb_NO |
dc.identifier | 126132 | nb_NO |
dc.identifier.uri | http://hdl.handle.net/11250/267183 | |
dc.description.abstract | This paper estimates a simultaneous-equation model of wages and prices for Australia, underpinned by a competing claims framework of imperfect competition. Two separate cointegrating relationships for wages and prices are identified by imposing the economic hypotheses implied by the theory. The steady-state relationships for wages and prices are then embedded in a parsimonious, dynamic wage-price model. The final model is both simple and parsimonious and able to describe the process of wage and price inflation in Australia. | nb_NO |
dc.language | eng | nb_NO |
dc.publisher | Institutt for samfunnsøkonomi | nb_NO |
dc.relation.ispartofseries | Working Paper Series, 1503-299X; 2002:12 | nb_NO |
dc.title | Modelling Wages and Prices in Australia | nb_NO |
dc.type | Research report | nb_NO |
dc.contributor.department | Norges teknisk-naturvitenskapelige universitet, Fakultet for samfunnsvitenskap og teknologiledelse, Institutt for samfunnsøkonomi | nb_NO |