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Japan's Phillips Curve Looks Like Japan |
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| Authors: | GREGOR W SMITH |
| Institution: | Gregor W. Smith;is a Professor at Queen's University, Canada (E-mail: ). |
| 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. |
| Keywords: | E24 E31 |