Wage-price dynamics and structural reforms in Japan /
Saved in:
| Author / Creator: | Porcellacchia, Davide, author. |
|---|---|
| Imprint: | [Washington, D.C.] : International Monetary Fund, 2016. ©2016 |
| Description: | 1 online resource (26 pages) : illustrations. |
| Language: | English |
| Series: | IMF Working Paper ; WP/16/20 IMF working paper ; WP/16/20. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12504863 |
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| 050 | 4 | |a HG3881.5.I58 |b W67 No. 16/20eb | |
| 100 | 1 | |a Porcellacchia, Davide, |e author. |0 http://id.loc.gov/authorities/names/no2016044065 | |
| 245 | 1 | 0 | |a Wage-price dynamics and structural reforms in Japan / |c prepared by Davide Porcellacchia. |
| 264 | 1 | |a [Washington, D.C.] : |b International Monetary Fund, |c 2016. | |
| 264 | 4 | |c ©2016 | |
| 300 | |a 1 online resource (26 pages) : |b illustrations. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Paper ; |v WP/16/20 | |
| 500 | |a "February 2016." | ||
| 500 | |a "Asia and Pacific Department." | ||
| 504 | |a Includes bibliographical references (pages 23-25). | ||
| 520 | |a 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-play in generating unfavorable wage-price dynamics. The model allows a discussion of whether and in what form structural reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural reforms implies an unusual trade-off with employment, that is an inverted Phillips curve. Simultaneous implementation of labor-market and product-market reforms is most effective in terms of reflating the economy.--Abstract. | ||
| 588 | 0 | |a Online resource; title from pdf title page (IMF.org Web site, viewed March 31, 2016). | |
| 650 | 0 | |a Wage-price policy |z Japan |x Econometric models. | |
| 650 | 0 | |a Structural adjustment (Economic policy) |z Japan |x Econometric models. | |
| 650 | 0 | |a Liquidity (Economics) |x Econometric models. | |
| 650 | 0 | |a Labor market |z Japan |x Econometric models. | |
| 650 | 0 | |a Corporate governance |z Japan |x Econometric models. | |
| 650 | 0 | |a Fiscal policy |z Japan |x Econometric models. | |
| 650 | 6 | |a Revenu |x Politique gouvernementale |z Japon |x Modèles économétriques. | |
| 650 | 6 | |a Ajustement structurel (Économie) |z Japon |x Modèles économétriques. | |
| 650 | 6 | |a Liquidité (Économie politique) |x Modèles économétriques. | |
| 650 | 6 | |a Marché du travail |z Japon |x Modèles économétriques. | |
| 650 | 6 | |a Gouvernement d'entreprise |z Japon |x Modèles économétriques. | |
| 650 | 6 | |a Politique fiscale |z Japon |x Modèles économétriques. | |
| 650 | 7 | |a Corporate governance |x Econometric models. |2 fast |0 (OCoLC)fst00879650 | |
| 650 | 7 | |a Fiscal policy |x Econometric models. |2 fast |0 (OCoLC)fst00925810 | |
| 650 | 7 | |a Labor market |x Econometric models. |2 fast |0 (OCoLC)fst00990041 | |
| 650 | 7 | |a Liquidity (Economics) |x Econometric models. |2 fast |0 (OCoLC)fst00999685 | |
| 650 | 7 | |a Structural adjustment (Economic policy) |x Econometric models. |2 fast |0 (OCoLC)fst01135590 | |
| 650 | 7 | |a Wage-price policy |x Econometric models. |2 fast |0 (OCoLC)fst01169481 | |
| 651 | 7 | |a Japan. |2 fast |0 (OCoLC)fst01204082 | |
| 710 | 2 | |a International Monetary Fund. |b Asia and Pacific Department, |e issuing body. |0 http://id.loc.gov/authorities/names/no97006778 | |
| 776 | 0 | 8 | |i Print Version: |a Porcellacchia, Davide. |t Wage-Price Dynamics and Structural Reforms in Japan. |d Washington, D.C. : International Monetary Fund, 2016. |z 9781498316637 |
| 830 | 0 | |a IMF working paper ; |v WP/16/20. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2016/020/001.2016.issue-020-en.xml |y INTERNATIONAL MONETARY FUND |
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