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Artificial Intelligence, Labor Market Structure, or Hysteresis of Past Recessions? Why Prices in Japan Do Not Rise Despite Quantitative Easing

  • Hamada K
  • Sakurai M
  • Kataoka M
Springer International Publishing, (2019), 63-86
DOI: 10.1007/978-3-030-23053-1_5
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Abstract

Despite the recent strong economic recovery, growth in wages and prices has been sluggish across the globe. Japan has come to face this issue ahead of any others. The policy authorities of each economy could learn something from the case study of Japan. This paper will examine some factors that have restrained growth in wages and prices in Japan, and discuss the desired policy responses to address this issue.

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APA

Hamada, K., Sakurai, M., & Kataoka, M. (2019). Artificial Intelligence, Labor Market Structure, or Hysteresis of Past Recessions? Why Prices in Japan Do Not Rise Despite Quantitative Easing. In Yearning for Inclusive Growth and Development, Good Jobs and Sustainability (pp. 63–86). Springer International Publishing. https://doi.org/10.1007/978-3-030-23053-1_5

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