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dc.contributor.authorGIRARDI Riccardoen_GB
dc.contributor.authorPARUOLO PAOLOen_GB
dc.date.accessioned2013-10-04T00:00:52Z-
dc.date.available2013-10-03en_GB
dc.date.available2013-10-04T00:00:52Z-
dc.date.created2013-10-03en_GB
dc.date.issued2013en_GB
dc.date.submitted2010-09-30en_GB
dc.identifier.citationECONOMIC MODELLING vol. 35 p. 643–653en_GB
dc.identifier.issn0264-9993en_GB
dc.identifier.urihttp://www.sciencedirect.com/science/article/pii/S0264999313003246en_GB
dc.identifier.urihttp://publications.jrc.ec.europa.eu/repository/handle/JRC60985-
dc.description.abstractThis paper investigates possible structural changes induced by the Euro on the relations amongwages, prices and unemployment for the five major European economies. The dynamic adjustment and the level relations are found to be different across subperiods as well as across countries. During the European Economic andMonetary Union (EMU) period, there is evidence of a conventionally-sloped Phillips Curve for the four economies within the EMU, with a higher degree of homogeneity with respect to the pre-EMU period; the UK presents instead a positively-sloped Phillips Curve in the EMU period. In this latter period, deviations from reference values are found to influence unemployment for all countries, including the UK. Only for Germany and Spain, instead, we find evidence that deviations from reference values influence inflation dynamics.en_GB
dc.description.sponsorshipJRC.G.3-Econometrics and applied statisticsen_GB
dc.format.mediumPrinteden_GB
dc.languageENGen_GB
dc.publisherELSEVIER SCIENCE BVen_GB
dc.relation.ispartofseriesJRC60985en_GB
dc.titleWages and prices in Europe before and after the onset of the Monetary Unionen_GB
dc.typeArticles in periodicals and booksen_GB
dc.identifier.doi10.1016/j.econmod.2013.08.009en_GB
JRC Directorate:Space, Security and Migration

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