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Great Inflation and Central Bank Independence in Japan
Ito, Takatoshi - 2010
Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate … rapid yen appreciation produced political pressure on the Bank of Japan to continue easing. The Bank of Japan came out of … monetary policy should not be overruled or the high inflation would be repeated. By this logic, the Bank of Japan obtained /de …
Persistent link: https://www.econbiz.de/10012462925
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Two Decades of Japanese Monetary Policy and the Deflation Problem
Ito, Takatoshi - 2004
of Japan's rhetoric was not helpful in fighting deflation, and the interest rate hike in August 2000 amid deflation was a …
Persistent link: https://www.econbiz.de/10012467811
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Inflation Targeting and Japan : Why has the Bank of Japan not Adopted Inflation Targeting?
Ito, Takatoshi - 2004
The paper aims at explaining why the Bank of Japan has not adopted inflation targeting, despite calls for such a policy …. Disclosed minutes of the Monetary Policy Meetings of the Bank of Japan, after March 1998, as well as Speeches by its members … give clues to changing reasons against inflation targeting. Inflation targeting was not adopted in Japan in the early years …
Persistent link: https://www.econbiz.de/10012467871
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Is the Bank of Japan a Closet Monetarist? Monetary Targeting in Japan, 1978-1988
Ito, Takatoshi - 1989
This paper investigates whether the Bank of Japan has practiced a monetarist rule since 1975. The Bank of Japan (BOJ …
Persistent link: https://www.econbiz.de/10012476175
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Differences and changes in wage structures
Freeman, Richard B. (contributor); Freeman, Richard B. (ed.) - 1995
Persistent link: https://www.econbiz.de/10013480845
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Relational Investing : The Worker's Perspective
Lazear, Edward P. - 1996
Workers who hold a firm's stock make decisions other than those that pure capital owners would make, but there exist institutions and compensation packages that will generally lead workers to favor efficient firm decisions. Workers care about their firm-specific rents and may seek shares in...
Persistent link: https://www.econbiz.de/10012473428
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Do Unions Make Enterprises Insolvent?
Freeman, Richard B. - 1994
This study investigates the impact of unionization and firm, business line, or establishment survival. A consistent empirical finding is that unions raise wages above those found in nonunion firms, and that in a competitive product market one would expect to find that unionized firms would go...
Persistent link: https://www.econbiz.de/10012474123
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Working under different rules
Freeman, Richard B. (ed.) - 1994
Persistent link: https://www.econbiz.de/10000349253
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Population Growth, Labor Supply, and Employment in Developing Countries
Bloom, David E. - 1986
The economies of the less developed countries are about to face perhaps the greatest challenge in their histories: generating a sufficient number of jobs at reasonable wages to absorb their rapidly growing populations into productive employment. In terms of absolute magnitude, this challenge has...
Persistent link: https://www.econbiz.de/10012477239
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The "Youth Problem" : Age or Generational Crowding?
Bloom, David E. - 1986
1980, others, notably Japan and Switzerland, had large decreases. Second, our empirical results indicate that large cohort …
Persistent link: https://www.econbiz.de/10012477247