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Unemployment and monetary policy:a revisit and new job strategies

Author

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  • Dante B. Canlas

    (University of the Philippines)

Abstract

This paper revisits the natural unemployment rate and some studies of labor markets with search frictions that it has inspired. New job strategies being proposed suggest a need for an enhanced labor market research agenda, which looks at additional movements in the labor force. New directions in the conduct of monetary policy beyond concerns over dangers to banks and financial markets posed by interest-rate adjustment may follow as a matter of course in the context of newly emerged labor market policy.

Suggested Citation

  • Dante B. Canlas, 2023. "Unemployment and monetary policy:a revisit and new job strategies," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 60(1), pages 1-9, June.
    • Handle: RePEc:phs:prejrn:v:60:y:2023:i:1:p:1-9
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    File URL: https://pre.econ.upd.edu.ph/index.php/pre/article/view/1033/958
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    More about this item

    Keywords

    unemployment; monetary policy; labor market;
    All these keywords.

    JEL classification:

    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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