A. R. Bergstrom, "Stability and Wage Acceleration in Macroeconomic Models of Cyclical Growth", Journal of Applied Econometrics, Vol. 16, No. 3, 2001, pp. 327-340. This paper does not use any new data. The results are based on the parameter estimates obtained in: Bergstrom, A. R., K. B. Nowman and C. R. Wymer (1992), "Gaussian estimation of a second order continuous time macroeconometric model of the UK", Economic Modelling, 9, 313-351. The paper also contains results from the analysis of a theoretical model.