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Dual labor market and the “Phillips curve puzzle”: the Japanese experience
Low inflation was once welcomed by both policymakers and the public. However, Japan’s experience during the 1990s changed the consensus of economists and central banks around the world regarding prices. Facing deflation and the zero-interest bound at the same time, the Bank of Japan had difficulty c...
| Autores principales: | , , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9362386/ https://www.ncbi.nlm.nih.gov/pubmed/35966448 http://dx.doi.org/10.1007/s00191-022-00781-8 |