Posted: 15 Jun 2003
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
Suggested Citation: Suggested Citation
Garibaldi, Pietro, The Asymmetric Effects of Monetary Policy on Job Creation and Destruction. Available at SSRN: https://ssrn.com/abstract=51385