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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

Government deficit and fiscal reform in Japan

Ihori, Toshihiro (ed.); Sato, Masakazu (contributor) - 2002

Persistent link: https://www.econbiz.de/10012874847

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

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

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

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