The Asymmetric Effects of Monetary Policy on Job Creation and Destruction

Posted: 15 Jun 2003  

Pietro Garibaldi

Bocconi University - Department of Economics; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

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Abstract

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

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

Pietro Garibaldi (Contact Author)

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy
+39 02 5836 5422 (Phone)
+39 02 5836 5343 (Fax)

HOME PAGE: http://www.frdb.org/~pietrogaribaldi/

Centre for Economic Policy Research (CEPR)

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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