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Wages and prices in the UK

Terence Mills and Geoffrey Wood

Applied Economics, 2002, vol. 34, issue 17, 2143-2149

Abstract: This paper investigates the relationship between wages and prices in the UK using a VECM formulation and generalized impulse response functions and persistence profiles. Because of significant feedbacks, it finds that fluctuations in wage growth cannot be used directly to predict fluctuations in inflation.

Date: 2002
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Citations: View citations in EconPapers (6)

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DOI: 10.1080/00036840210135845

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