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    Title: Monetary Policy and The Asymmetric Behaviour of Job Creation and Destruction
    Authors: Liu, De-Chih
    Contributors: 淡江大學產業經濟學系
    Keywords: GEOBASE Subject Index: employment;labor market;manufacturing;monetary policy;service sector
    Date: 2010-08
    Issue Date: 2013-05-31 10:52:23 (UTC+8)
    Publisher: Abingdon: Routledge
    Abstract: This article explores whether monetary policy can account for the asymmetric job creation and job destruction behaviour in the Taiwanese manufacturing and service sectors during the period 1987 to 2003. This article finds evidence for positive steepness in the job destruction rate in the manufacturing sector and negative steepness in the job creation rate in the service sector. This article also finds that the monetary policy (discount rate) can help to explain the asymmetric job creation and job destruction behaviour. Importantly, this article finds that monetary policy stimulated job flow behaviour to a better regime. This evidence suggests that monetary policy may be an efficient instrument in stimulating the labour market in Taiwan.
    Relation: Applied Economics Letters 17(8), pp.773-780
    DOI: 10.1080/13504850802359903
    Appears in Collections:[產業經濟學系暨研究所] 期刊論文

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