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Table 1 End of sample instability test (Eq. 2)

From: Has the wage Phillips curve changed in the euro area?

 

Italy

France

Germany

Spain

All parameters

   

Sup-L(.75)

1

0

1

.6

Sup-L(.90)

1

0

1

.6

Exp-L(.75)

1

0

1

.4

Exp-L(.90)

1

0

1

.6

Sup-L(.01–.99)

1

0

1

.6

Exp-L(.01–.99)

1

0

1

.6

 

Single parameter

   

Sup-L(.75)

1

0

1

.6

Sup-L(.90)

1

0

1

.6

Exp-L(.75)

1

0

1

.6

Exp-L(.90)

1

0

1

.6

Sup-L(.01–.99)

1

0

1

.6

Exp-L(.01–.99)

1

.2

1

.6

  1. Values reported are the average across h = 0,…,4 where the result of the test is coded with 1 if the test rejects at the 10% the null hypothesis of constant parameters in favour of time-varying parameters, with 0 if the null hypothesis of constant parameters cannot be rejected at the 10%
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