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Wage-Price Dynamics and Structural Reforms in Japan

Porcellacchia, Davide - 2016

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 … reforms may contribute to Japan's short-run goal of reflating the economy. It finds that boosting inflation with structural …

Persistent link: https://www.econbiz.de/10012996094

Fiscal Policy Implications for Labor Market Outcomes in Middle-Income Countries

Lemus, Antonio - 2015

Many governments have initiated public employment programs or expanded the existing ones in response to high unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment. This paper explores the question of whether public...

Persistent link: https://www.econbiz.de/10013036636

Fiscal policy implications for labor market outcomes in middle-income countries

Stepanyan, Ara; Leigh, Lamin - 2015

Persistent link: https://www.econbiz.de/10014275789

Monetary policy transmission and financial stability in a LIC : the case of Bangladesh

Rafiq, Sohrab - 2015

This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....