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...
| Auteur principal: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2016/020 |
| Accès en ligne: | Full text available on IMF |