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dc.contributor.authorBårdsen, Gunnarnb_NO
dc.contributor.authorHurn, Stannb_NO
dc.contributor.authorMcHugh, Zoënb_NO
dc.date.accessioned2014-12-19T14:31:59Z
dc.date.available2014-12-19T14:31:59Z
dc.date.created2006-10-10nb_NO
dc.date.issued2002nb_NO
dc.identifier126132nb_NO
dc.identifier.urihttp://hdl.handle.net/11250/267183
dc.description.abstractThis 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.languageengnb_NO
dc.publisherInstitutt for samfunnsøkonominb_NO
dc.relation.ispartofseriesWorking Paper Series, 1503-299X; 2002:12nb_NO
dc.titleModelling Wages and Prices in Australianb_NO
dc.typeResearch reportnb_NO
dc.contributor.departmentNorges teknisk-naturvitenskapelige universitet, Fakultet for samfunnsvitenskap og teknologiledelse, Institutt for samfunnsøkonominb_NO


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