Monetary Policy and The Asymmetric Behaviour of Job Creation and Destruction

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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:	[Graduate Institute & Department of Industrial Economics] Journal Article

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