Balmaseda, Manuel; Dolado, Juan J; Lopez-Salido, J David - In: Oxford Economic Papers 52 (2000) 1, pp. 3-23
This paper uses a set of plausible long-run identifying restrictions on a three-variable system, including output growth, real wage growth, and the unemployment rate, to isolate three independent structural shocks which drive fluctuations in those variables in a sample of 16 OECD countries...