|
EconStor >
University of Kent >
School of Economics, University of Kent >
School of Economics Discussion Papers, University of Kent >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/50579
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Otsu, Keisuke | | en_US |
| dc.date.accessioned | | 2011-05-04 | | en_US |
| dc.date.accessioned | | 2011-10-21T16:52:47Z | | - |
| dc.date.available | | 2011-10-21T16:52:47Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/50579 | | - |
| dc.description.abstract | | The Japanese business cycle from 1980-2007 portrays less contemporaneous correlation of labor with output than in the US and also tends to lead output by one quarter. A canonical real business cycle model cannot account for these facts. This paper uses the business cycle accounting method a la Chari, Kehoe and McGrattan (2007) and shows that efficiency and labor market distortions are important in accounting for the quarterly business cycle fluctuation patterns in Japan. Fiscal and monetary variables such as labor income tax, money growth and interest rates cannot fully account for the distortions in the Japanese labor market. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ. of Kent, School of Economics Canterbury | | en_US |
| dc.relation.ispartofseries | | School of Economics discussion papers 11,06 | | en_US |
| dc.subject.jel | | E13 | | en_US |
| dc.subject.jel | | E32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | business cycle accounting | | en_US |
| dc.subject.keyword | | Japanese labor market | | en_US |
| dc.title | | Accounting for Japanese business cycles: A quest for labor wedges | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 657099775 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | School of Economics Discussion Papers, University of Kent
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|