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This paper examines the cost of deflation in the context of Japan''s ongoing deflationary episode. The impact of … deflation owing to the zero interest rate bound on monetary policy, wage rigidity, redistribution of wealth from debtor to …
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has evolved to study inflation in Japan. Our key finding is that labor market dynamics shifted after 1998 so that …
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has evolved to study inflation in Japan. Our key finding is that labor market dynamics shifted after 1998 so that …
Persistent link: https://www.econbiz.de/10013298204
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