{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2023,9,13]],"date-time":"2023-09-13T13:40:27Z","timestamp":1694612427539},"reference-count":24,"publisher":"Wiley","issue":"3","license":[{"start":{"date-parts":[[2001,6,22]],"date-time":"2001-06-22T00:00:00Z","timestamp":993168000000},"content-version":"vor","delay-in-days":52,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2001,5]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>This paper is concerned with the stability of macroeconomic models in which there is no long\u2010run trade\u2010off between unemployment and inflation, because of a wage adjustment equation based on the NAIRU concept. It is shown, for a simple theoretical model and for the Bergstrom\u2013Nowman\u2013Wymer continuous\u2010time macro\u2010econometric model of the UK, that there is a bounded range of positive values of the wage acceleration parameter (determining the effect of labour demand on wage acceleration) for which the steady state is asymptotically stable. Then, each model generates damped cycles about a path converging to the steady\u2010state neoclassical growth path. Copyright \u00a9 2001 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.592","type":"journal-article","created":{"date-parts":[[2002,9,11]],"date-time":"2002-09-11T01:23:48Z","timestamp":1031707428000},"page":"327-340","source":"Crossref","is-referenced-by-count":1,"title":["Stability and wage acceleration in macroeconomic models of cyclical growth"],"prefix":"10.1002","volume":"16","author":[{"given":"A. 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