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Japan's Phillips Curve Looks Like Japan

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  • GREGOR W. SMITH

Abstract

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.

Suggested Citation

  • Gregor W. Smith, 2008. "Japan's Phillips Curve Looks Like Japan," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1325-1326, September.
  • Handle: RePEc:wly:jmoncb:v:40:y:2008:i:6:p:1325-1326
    DOI: 10.1111/j.1538-4616.2008.00160.x
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Replicating the Japanese Phillips Curve
      by ? in FRED blog on 2016-04-01 18:00:28

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    Cited by:

    1. Calcagno, Peter T. & Hall, Joshua C. & Lawson, Robert A., 2010. "Objectivism versus subjectivism: A market test," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 445-448, November.
    2. Gregor W. Smith, 2006. "The spectre of deflation: a review of empirical evidence," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 39(4), pages 1041-1072, November.
    3. Balázs Varga, 2013. "Time Varying NAIRU Estimates in Central Europe," Working Papers 1306, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    4. Ryu‐ichiro Murota & Yoshiyasu Ono, 2012. "Zero Nominal Interest Rates, Unemployment, Excess Reserves And Deflation In A Liquidity Trap," Metroeconomica, Wiley Blackwell, vol. 63(2), pages 335-357, May.

    More about this item

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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