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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

German labor market and fiscal reforms 1999 to 2008 : can they be blamed for intra-Euro Area imbalances?

Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - 2014

In this paper,we assess the impact ofmajor German structural reforms from1999 to 2008 on key macroeconomic variables within a two-country monetary union DSGE model. Bymany, these reforms, especially the Hartz reforms on the labormarket, are considered to be the root of thereafter observed...

Persistent link: https://www.econbiz.de/10010429216

German labor market and fiscal reforms 1999 to 2008 : can they be blamed for intra-euro area imbalances?

Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - 2015

In this paper, we assess the impact of major German structural reforms from 1999 to 2008 on key macroeconomic variables. By many, these reforms, especially the Hartz reforms on the labor market, are considered to be the root of observed imbalances in the Euro Area. Our simulations within a...

Persistent link: https://www.econbiz.de/10011316580

Optimal government spending and unemployment

Linnemann, Ludger; Schabert, Andreas - 2008 - This version: February 29, 2008

We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy is contrasted with a reference policy which would be first best in a frictionless economy. Results are: the Ramsey policy i) implies a higher steady state ratio of government...

Persistent link: https://www.econbiz.de/10011374417

Monetary Policy and Inequality Under Labor Market Frictions and Capital-Skill Complementarity

Dolado, Juan J. - 2018

In order to improve our understanding of the channels through which monetary policy has distributional consequences, we build a New Keynesian model with incomplete asset markets, asymmetric search and matching (SAM) frictions across skilled and unskilled workers and, foremost, capital-skill...

Persistent link: https://www.econbiz.de/10012919514

Search and matching frictions and optimal monetary policy : job market paper

Thomas, Carlos (contributor) - 2006 - Rev.

Persistent link: https://www.econbiz.de/10003401007

Aggregate effects of a universal social insurance fiscal reform

Antón Sarabia, Arturo; Leal, Julio - 2013

This paper analyzes the aggregate effects of a revenue neutral fiscal-cumsocial policy reform in a typical developing country that consists of two main changes: (1) the implementation of universal social insurance to replace the current dual social protection system (i.e., a reconfiguration of...

Persistent link: https://www.econbiz.de/10011303247

The fiscal and macroeconomic effects of government wages and employment reform

Pérez, Javier J.; Aouriri, Marie; Campos, Maria M.; … - 2016

Persistent link: https://www.econbiz.de/10011590670

Sustainability, debt management, and public debt policy in Japan

Doi, Takerō; Ihori, Toshihiro; Mitsui, Kiyoshi - 2006

Persistent link: https://www.econbiz.de/10003355314

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