11. L. PROSPERETTI
Information acquired: 2025
L. PROSPERETTI is an academic who published a paper in 2013 entitled A Phillips curve for the Italian economy? A comment on Modigliani and Tarantelli. L. PROSPERETTI published this work as part of a team: PROSPERETTI, L.. Here is a description of this work: The,,paper discusses a generalisation of the Phillips-Lipsey curve to a developing country proposed by Modigliani and Tarantelli, and applied by them to the interpretation of wage dynamics in Italy in a study which was published in 1977. A major reason of interest in this work is that it seeks to account for some â€oestructural†features of the Italian labour force, while remaining within the boundaries of a widely used, but far from widely accepted, body of theory. The author concludes that Modigliani and Tarantelli constructed an incorrect approximation to their â€oeunemployment rate in efficiency unitsâ€, thus undermining the significance of the empirical results they present. JEL: E24, J31, E31..