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Wage-Price Dynamics and Structural Reforms in Japan
Porcellacchia, Davide - 2016
Structural reforms in the liquidity trap need not be deflationary. This paper develops a simple framework to study the … role that key characteristics of Japan's labor and product markets-labor-market duality and weak corporate governance … reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural …
Persistent link: https://www.econbiz.de/10012996094
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Credit frictions and labor market dynamics
Hristov, Atanas - 2009
We outline the case for credit frictions and a demand side aspect to labor market fluctuations. To illustrate the above proposition, we present a simple framework to analyze the joint dependence between a labor search problem in the labor market and a costly state verification problem in the...
Persistent link: https://www.econbiz.de/10011387314
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Search and matching frictions and optimal monetary policy
Thomas, Carlos - In: Journal of monetary economics 55 (2008) 5, pp. 936-956
Persistent link: https://www.econbiz.de/10003765560
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Comment on: "Search and matching frictions and optimal monetary policy"
Faia, Ester - In: Journal of monetary economics 55 (2008) 5, pp. 957-960
Persistent link: https://www.econbiz.de/10003766260
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Search and matching frictions and optimal monetary policy : job market paper
Thomas, Carlos (contributor) - 2006 - Rev.
Persistent link: https://www.econbiz.de/10003401007
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An MMT informed fiscal reform for China
Liang, Yan - In: The Chinese economy : translations and studies 57 (2024) 3, pp. 207-224
Employing the Modern Monetary Theory (MMT), this paper examines the current Chinese fiscal system and highlights its three characteristics. First, fiscal revenues are centralized at the central government while expenditures are decentralized at the local governments; second, fiscal spending...
Persistent link: https://www.econbiz.de/10014514456
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Nontraditional financial policies : zero interest rates and quantitative easing
Fukuda, Shin'ichi - In: The Japanese economy : translations and studies 38 (2011) 2, pp. 45-78
Persistent link: https://www.econbiz.de/10009314958
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Sustainability, debt management, and public debt policy in Japan
Doi, Takerō; Ihori, Toshihiro; Mitsui, Kiyoshi - In: Fiscal policy and management in East Asia : [NBER-East …, (pp. 377-412). 2007
Persistent link: https://www.econbiz.de/10003599525
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Sustainability, debt management, and public debt policy in Japan
Doi, Takerō; Ihori, Toshihiro; Mitsui, Kiyoshi - 2006
Persistent link: https://www.econbiz.de/10003355314
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Sustainability, Debt Management, and Public Debt Policy in Japan
Doi, Takero - 2006
authority of Japan because it has accumulated the debt outstanding much more than other countries …The purpose of this paper is to analyze sustainability issues of Japan's fiscal policy and then to discuss the debt …
Persistent link: https://www.econbiz.de/10012466308