The asymmetric effects of monetary policy on job creation and destruction /

The asymmetric effects of monetary policy on job creation and destruction /

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Bibliographic Details
Author / Creator:	Garibaldi, Pietro, 1968-
Imprint:	[Washington, D.C.] : International Monetary Fund, European II Dept., ©1997.
Description:	1 online resource (30 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/97/57 IMF working paper ; WP/97/57.
Subject:	Monetary policy -- Econometric models. Interest rates -- Econometric models. Job creation -- Econometric models. Labor supply -- Econometric models. Interest rates -- Econometric models. Job creation -- Econometric models. Labor supply -- Econometric models. Monetary policy -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12496896

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. European II Department.
ISBN:	1283559250 9781283559256 1451894589 9781451894585 1462350011 9781462350018 1452749264 9781452749266 9786613871701 6613871702 9781451967555 1451967551
Notes:	Includes bibliographical references (pages 29-30). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	The view that tight and easy monetary policy produces asymmetric effects on economic activity has long been recognized in policy debates and in the academic profession (Johnson, 1962). The behavior of the U.S. economy during the 1990-92 recession, when successive cuts in the federal fund rate failed to produce economic recovery, seemed to confirm the traditional view. Furthermore, recently collected empirical evidence for both the United States (De Long and Summers 1988, Cover 1992, Morgan 1993) and Europe (Karras, 1996) strongly support the hypothesis that negative money-supply shocks and/or increases in interest rates reduce output more than monetary expansions raise it.
Other form:	Print version: Garibaldi, Pietro, 1968- Asymmetric effects of monetary policy on job creation and destruction. [Washington, D.C.] : International Monetary Fund, European II Dept., ©1997
Standard no.:	10.5089/9781451894585.001

Description
Summary:	The view that tight and easy monetary policy produces asymmetric effects on economic activity has long been recognized in policy debates and in the academic profession (Johnson, 1962). The behavior of the U.S. economy during the 1990-92 recession, when successive cuts in the federal fund rate failed to produce economic recovery, seemed to confirm the traditional view. Furthermore, recently collected empirical evidence for both the United States (De Long and Summers 1988, Cover 1992, Morgan 1993) and Europe (Karras, 1996) strongly support the hypothesis that negative money-supply shocks and/or increases in interest rates reduce output more than monetary expansions raise it.
Physical Description:	1 online resource (30 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 29-30).
ISBN:	1283559250 9781283559256 1451894589 9781451894585 1462350011 9781462350018 1452749264 9781452749266 9786613871701 6613871702 9781451967555 1451967551
ISSN:	2227-8885 ;