Aoyama, Hideaki; Di Guilmi, Corrado; Fujiwara, Yoshi; … - 2021
US and Japan, in the course of recovery from the Great Recession after the 2008 global financial crisis, the unemployment …, inflation stayed low. In this paper, we consider a minimal model of dual labor market to jointly investigate how blue the … at the same time, Bank of Japan had difficulty in conducting effective monetary policy. It made Japan’s stagnation …