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An Empirical Study on the New Keynesian Wage Phillips Curve: Japan and the US
Muto, Ichiro; Shintani, Kohei - Bank of Japan - 2014
We present an empirical analysis on the New Keynesian Wage Phillips Curve (NKWPC), which is derived by Gali (2011) as a micro-founded structural relationship between wage inflation and the unemployment rate under a sticky wage framework using data for Japan and the US. We find that the empirical...
Persistent link: https://www.econbiz.de/10010907506
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What are the Characteristics of Japan's Aggregate Wage Dynamics?: An Empirical Study on the New Keynesian Wage Phillips Curve for Japan and the US
Muto, Ichiro; Shintani, Kohei - Bank of Japan - 2014
We present an empirical analysis on the New Keynesian Wage Phillips Curve (NKWPC) as derived by Gali (2011) using data for Japan and the US. NKWPC provides some theoretical insights on the relationship between wage inflation and the unemployment rate. We find that the empirical performance of...
Persistent link: https://www.econbiz.de/10011085405
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Estimating a new Keynesian Phillips curve with a corrected measure of real marginal cost : evidence in Japan
Muto, Ichiro - In: Economic inquiry : journal of the Western Economic … 47 (2009) 4, pp. 667-684
Persistent link: https://www.econbiz.de/10003908165
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Can the new Keynesian Phillips curve explain Japanese inflation dynamics? : a labor share correction approach
Muto, Ichiro - 2006
Persistent link: https://www.econbiz.de/10003392996
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An empirical study on the new Keynesian wage Phillips curve : Japan and the US
Muto, Ichiro; Shintani, Kohei - 2014
Persistent link: https://www.econbiz.de/10010246674
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Missing wage inflation? : Estimating the natural rate of unemployment in a nonlinear DSGE model
Iwasaki, Yuto; Muto, Ichiro; Shintani, Mototsugu - In: European economic review : EER 132 (2021), pp. 1-27
Persistent link: https://www.econbiz.de/10012693243
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An empirical study on the New Keynesian wage Phillips curve : Japan and the US
Muto, Ichiro; Shintani, Kohei - In: The B.E. journal of macroeconomics 20 (2020) 1, pp. 1-17
Persistent link: https://www.econbiz.de/10012170720
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Missing wage inflation? : estimating the natural rate of unemployment in a nonlinear dsge model
Iwasaki, Yuto; Muto, Ichiro; Shintani, Mototsugu - 2018
Persistent link: https://www.econbiz.de/10013447806
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Automation and nominal rigidities
Fueki, Takuji; Katsuki, Shinnosuke; Muto, Ichiro; … - 2023
Persistent link: https://www.econbiz.de/10013541471
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An Empirical Study on the New Keynesian Wage Phillips Curve: Japan and the US
Muto, Ichiro; Shintani, Kohei - Volkswirtschaftliche Fakultät, … - 2014
We present an empirical analysis on the New Keynesian Wage Phillips Curve (NKWPC), which is derived by Gali (2011) as a micro-founded structural relationship between wage inflation and the unemployment rate under a sticky wage framework using data for Japan and the US. We find that the empirical...
Persistent link: https://www.econbiz.de/10011113247