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Monetary policy and employment in developing Asia

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  • Bhattacharyya, Nikhilesh.

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.

Suggested Citation

  • Bhattacharyya, Nikhilesh., 2012. "Monetary policy and employment in developing Asia," ILO Working Papers 994685223402676, International Labour Organization.
    • Handle: RePEc:ilo:ilowps:994685223402676
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    References listed on IDEAS

    as
    1. Alfred Hannig & Stefan Jansen, 2010. "Financial Inclusion and Financial Stability : Current Policy Issues," Finance Working Papers 23124, East Asian Bureau of Economic Research.
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    4. Aizenman, Joshua & Chinn, Menzie D. & Ito, Hiro, 2011. "Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma," Journal of the Japanese and International Economies, Elsevier, vol. 25(3), pages 290-320, September.
    5. Gill Hammond & Ravi Kanbur & Eswar Prasad, 2009. "Monetary Policy Challenges for Emerging Market Economies," Chapters, in: Gill Hammond & Ravi Kanbur & Eswar Prasad (ed.), Monetary Policy Frameworks for Emerging Markets, chapter 1, Edward Elgar Publishing.
    6. repec:ilo:ilowps:464250 is not listed on IDEAS
    7. Anwar, Sarah. & Islam, Iyanatul,, 2011. "Should developing countries target low, single digit inflation to promote growth and employment," ILO Working Papers 994642503402676, International Labour Organization.
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    14. Nephil Matangi Maskay Ph.D. & Rajendra Pandit, 2010. "Macro-Financial Link and Monetary Policy Management: The Case of Nepal," NRB Working Paper 07/2010, Nepal Rastra Bank, Research Department.
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    Cited by:

    1. Olatunji Abdul Shobande, 2019. "Effect of Real Economy Predictors on Monetary Policy Responses: Testing Model Fits For OLS, IV and IV-GMM Estimators," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 90-96, September.
    2. Alexandru TRIFU & Ina CROITORU, 2013. "Workforce/Manpower, Determining Factor Of Production Within A Firm," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 3(4), pages 70-83, December.
    3. Rizwanul Islam, 2018. "Macroeconomic Policy and Employment: A Development Perspective," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 61(3), pages 427-451, September.
    4. Qaiser Munir & Sook Ching Kok & Kasim Mansur, 2019. "External Shocks, Structural Breaks And Unemployment Hysteresis In Selected Asian Countries," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 64(03), pages 575-600, June.

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