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...
| Главный автор: | |
|---|---|
| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Серии: | IMF Working Papers; Working Paper ;
No. 2016/020 |
| Online-ссылка: | Full text available on IMF |