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dc.contributor.authorOtsu, Keisukeen
dc.date.accessioned2011-05-04-
dc.date.accessioned2011-10-21T16:52:47Z-
dc.date.available2011-10-21T16:52:47Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/50579-
dc.description.abstractThe 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
dc.language.isoengen
dc.publisher|aUniversity of Kent, School of Economics |cCanterburyen
dc.relation.ispartofseries|aSchool of Economics Discussion Papers |x11,06en
dc.subject.jelE13en
dc.subject.jelE32en
dc.subject.ddc330en
dc.subject.keywordbusiness cycle accountingen
dc.subject.keywordJapanese labor marketen
dc.titleAccounting for Japanese business cycles: A quest for labor wedges-
dc.typeWorking Paperen
dc.identifier.ppn657099775en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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