Inflation dynamics and labor market specifications: A bayesian dynamic stochastic general equilibrium approach for japan's economy

Business & Economics

• Dynamic Stochastic General Equilibrium 100%
• Inflation Dynamics 97%
• Labor Market Search 89%
• Dynamic Markets 88%
• Labour Market 86%
• Real Marginal Cost 59%
• Sticky Wages 56%
• Japan 51%
• Inflation 39%
• Employment Fluctuations 29%
• Marginal Likelihood 27%
• Real Wages 27%
• Contemporaneous Correlation 26%
• New Keynesian Phillips Curve 25%
• Unit Labour Costs 25%
• Forecast Performance 23%
• Cross-correlation 22%
• Real Output 21%
• Out-of-sample Forecasting 20%
• Hiring 17%
• Costs 7%