A three-sector model of earnings behaviour

  • D. J. Mackie


In this chapter we discuss some research undertaken in order to improve the properties of the earnings equations in the Bank of England’s quarterly macroeconomic model of the UK economy.


Forecast Error Real Wage Inflationary Expectation Retention Ratio Real Earning 
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© Chapman and Hall Ltd 1990

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  • D. J. Mackie

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