RIEB Seminar
RIEB Seminar (Jointly supported by Grant-in-Aid for Scientific Research (S))
RIEB Seminar
Jointly supported by Grant-in-Aid for Scientific Research (S)
| Date & Time | Tuesday, Dec. 24, 2019, 3:30pm-5:00pm |
|---|---|
| Place | Meeting Room at RIEB (Annex, 2nd Floor) |
| Intended Audience | Faculties, Graduate Students and People with Equivalent Knowledge |
| Language | English |
3:30pm-5:00pm
- Topics
- Secondary Employment, Inflation, and Aggregate Demand in an Agent-based Model of the Japanese Macroeconomy
- Speaker
- Corrado DI GUILMI (UTS Business School, University of Technology Sydney)
- Abstruct
- The paper presents a demand-driven stock-flow consistent agent-based model calibrated on Japanese data. The goal is to test the effect of the increasing use by Japanese firms of irregular (temporary, part-time, or agency) employees on the joint dynamics of aggregate demand and price level.
As shown by Hosono et al. (2014), during the Great Recession, the Japanese firms that were more export-oriented used the employment of agency workers as a financial buffer. The empirical literature has already investigated the e ects of the dual labor market on productivity (Shinada, 2011; Fukao and Ug Kwon, 2006), but little is known about the possible fallout in demand and in ation, and whether there is any correlation with the attening of the Phillips curve observed in the recent decade.