Binotti, Annetta Maria; Ghiani, Enrico - In: Journal of Policy Modeling 30 (2008) 6, pp. 1017-1039
This paper examines aggregate supply conditions in Italy and how they changed from the 1970s to the late 1990s. Based on a VAR model for wages, prices, productivity, unemployment and exchange rate the cointegration properties of the data in nominal and real terms are analysed. Analysis is based...