Japan's Phillips Curve Looks Like Japan

Japan's Phillips Curve Looks Like Japan

During the past 15 years Japan has experienced unprecedented, high unemployment rates and low (often negative) inflation rates. This research shows that these outcomes were predictable as part of a stable, readily recognized Phillips curve.

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Bibliographische Detailangaben
Veröffentlicht in:Journal of money, credit and banking credit and banking, 2008-09, Vol.40 (6), p.1325-1326
1. Verfasser: SMITH, GREGOR W.
Format: Artikel
Sprache:eng
Schlagworte:
Analysis
E24
E31
Inflation
Inflation (Economics)
Inflation (Finance)
Inflation rates
Japan
Macroeconomics
Monetary economics
National economy
Phillips Curve
Research fellowships
Shorter Papers, Discussions, and Letters
Studies
Unemployment
Unemployment rates
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Beschreibung
Zusammenfassung:During the past 15 years Japan has experienced unprecedented, high unemployment rates and low (often negative) inflation rates. This research shows that these outcomes were predictable as part of a stable, readily recognized Phillips curve.
ISSN:0022-2879
1538-4616
DOI:10.1111/j.1538-4616.2008.00160.x