01624cas a2200241 a 4500 AALejournalIMF007406 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451967555 1018-5941 BD-DhAAL BD-DhAAL Garibaldi, Pietro. The Asymmetric Effects of Monetary Policy on Job Creation and Destruction / Pietro Garibaldi. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents theory and evidence on the asymmetric effects of monetary policy on job creation and job destruction. First, it solves a dynamic matching model and it shows how interest rate changes result in an asymmetric response of job creation and destruction. Second, it looks at how changes in the federal fund rate affect gross job flows in the U.S. manufacturing industry, and it finds evidence of asymmetry. Tight policy increases job destruction and reduces net employment changes. Conversely, easy policy appears ineffective in stimulating job creation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/057 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/057/001.1997.issue-057-en.xml IMF e-Library