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Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...
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", as proxied by productivity growth shocks - in line with the Real Business Cycle framework -, and we provide empirical …
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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece …
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and Japan. For robustness, the results are compared to those obtained from leading structural models, such as NiGEM and …
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