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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
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Government deficit and fiscal reform in Japan
Ihori, Toshihiro (ed.); Sato, Masakazu (contributor) - 2002
Persistent link: https://www.econbiz.de/10012874847
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Intergration and search unemployment : an analysis of Eastern EU enlargement
Heijdra, Ben J.; Keuschnigg, Christian - 2000
The paper develops a unified general equilibrium model includingsavings with overlapping generations, investment and search unemploament. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on...
Persistent link: https://www.econbiz.de/10001546276
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Credit frictions and labor market dynamics
Hristov, Atanas - 2009
We outline the case for credit frictions and a demand side aspect to labor market fluctuations. To illustrate the above proposition, we present a simple framework to analyze the joint dependence between a labor search problem in the labor market and a costly state verification problem in the...
Persistent link: https://www.econbiz.de/10011387314
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Search and matching frictions and optimal monetary policy
Thomas, Carlos - In: Journal of monetary economics 55 (2008) 5, pp. 936-956
Persistent link: https://www.econbiz.de/10003765560
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Comment on: "Search and matching frictions and optimal monetary policy"
Faia, Ester - In: Journal of monetary economics 55 (2008) 5, pp. 957-960
Persistent link: https://www.econbiz.de/10003766260
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Search and matching frictions and optimal monetary policy : job market paper
Thomas, Carlos (contributor) - 2006 - Rev.
Persistent link: https://www.econbiz.de/10003401007
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An MMT informed fiscal reform for China
Liang, Yan - In: The Chinese economy : translations and studies 57 (2024) 3, pp. 207-224
Employing the Modern Monetary Theory (MMT), this paper examines the current Chinese fiscal system and highlights its three characteristics. First, fiscal revenues are centralized at the central government while expenditures are decentralized at the local governments; second, fiscal spending...
Persistent link: https://www.econbiz.de/10014514456
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German labor market and fiscal reforms 1999 to 2008 : can they be blamed for intra-euro area imbalances?
Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - 2015
In this paper, we assess the impact of major German structural reforms from 1999 to 2008 on key macroeconomic variables. By many, these reforms, especially the Hartz reforms on the labor market, are considered to be the root of observed imbalances in the Euro Area. Our simulations within a...
Persistent link: https://www.econbiz.de/10011316580
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German labor market and fiscal reforms 1999 to 2008 : can they be blamed for intra-Euro Area imbalances?
Gadatsch, Niklas; Stähler, Nikolai; Weigert, Benjamin - 2014
In this paper,we assess the impact ofmajor German structural reforms from1999 to 2008 on key macroeconomic variables within a two-country monetary union DSGE model. Bymany, these reforms, especially the Hartz reforms on the labormarket, are considered to be the root of thereafter observed...
Persistent link: https://www.econbiz.de/10010429216