The Asymmetric Effects of Monetary Policy on Job Creation and Destruction
Bocconi University - Department of Economics; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)
This paper presents theory and evidence on the asymmetric effects of monetary policy on job creation and job destruction. Tight policy increases job destruction an reduces net employment changes. Conversely, easy policy appears ineffective in stimulating job creation.
JEL Classification: F41, F31
Date posted: June 15, 2003
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