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Monetary policy and employment in developing Asia

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  • Bhattacharyya, Nikhilesh
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    Abstract

    Provides an overview of the approaches central banks in developing Asia have taken towards promoting economic stability and employment. It looks at ways central banks are concerned with labour market outcomes, and what central bank policies have done to promote employment. The paper also examines why central banks in developing nations do not include employment among their legislated objectives, unlike central banks in Australia, Europe, and USA.

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    File URL: http://www.ilo.org/public/libdoc/ilo/2012/468522.pdf
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    Bibliographic Info

    Paper provided by International Labour Organization in its series ILO Working Papers with number 468522.

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    Length: 18 pages
    Date of creation: 2012
    Date of revision:
    Publication status: Published in ILO Asia-Pacific working paper series
    Handle: RePEc:ilo:ilowps:468522

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    Related research

    Keywords: promotion of employment; banking; bank; economic development; Asia; promotion de l'emploi; activité bancaire; banque; développement économique; Asie; fomento del empleo; actividad bancaria; banco; desarrollo económico; Asia;

    References

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    1. Anwar, Sarah & Islam, Iyanatul, 2011. "Should developing countries target low, single digit inflation to promote growth and employment," ILO Working Papers 464250, International Labour Organization.
    2. Hammond, Gill & Kanbur, Ravi & Prasad, Eswar, 2009. "Monetary Policy Challenges for Emerging Market Economies," Working Papers 48925, Cornell University, Department of Applied Economics and Management.
    3. Frederic S. Mishkin, 2004. "Can Inflation Targeting Work in Emerging Market Countries?," NBER Working Papers 10646, National Bureau of Economic Research, Inc.
    4. Abhijit V. Banerjee & Benjamin Moll, 2010. "Why Does Misallocation Persist?," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(1), pages 189-206, January.
    5. Hannig, Alfred & Jansen, Stefan, 2010. "Financial Inclusion and Financial Stability: Current Policy Issues," ADBI Working Papers 259, Asian Development Bank Institute.
    6. Alfred Hannig & Stefan Jansen, 2010. "Financial Inclusion and Financial Stability : Current Policy Issues," Finance Working Papers 23124, East Asian Bureau of Economic Research.
    7. Nephil Matangi Maskay, 2010. "Macro-Financial Links and Monetary Policy Management," Research Studies, South East Asian Central Banks (SEACEN) Research and Training Centre, number rp78, June.
    8. Fleming, Grant & A. M. Endres, 1995. "The ILO Economists and International Economic Policy in the Interwar Years," Working Papers 95-43, Duke University, Department of Economics.
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