Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/72407 
Year of Publication: 
2006
Series/Report no.: 
UCD Centre for Economic Research Working Paper Series No. WP06/16
Publisher: 
University College Dublin, UCD School of Economics, Dublin
Abstract: 
Ball and Moffitt (2001) present a theory implying that the gap between productivity and wage aspirations can shift the traditional Phillips Curve. We examine their theory within the OECD. The results show that there is no clear cross country evidence for the theory. Although Ball and Moffitt’s model works well in the U.S., it cannot, in general, be applied to other OECD countries. The time- varying NAIRU can better explain the economic performance for the OECD overall, and the UK in particular, during the late 1990s. In Germany, traditional Phillips Curve still kept its explanatory power during this period.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
641.89 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.