Wage-Price Dynamics and Structural Reforms in Japan /

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 mo...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Porcellacchia, Davide
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2016.
Saila:IMF Working Papers; Working Paper ; No. 2016/020
Sarrera elektronikoa:Full text available on IMF