Monetary policy has been historically concerned with controlling inflation, using the interest rate as its main tool. However, such policies are not gender- or race-neutral. This paper explores econometrically the effect of changes in the interest rate for female and black employment creation in...

The studies on monetary policy highlight that a contractionary policy reduces a firm's access to external funds. However, it is unknown whether it affects men and women equally. In this scenario, the aim of this paper is twofold. First, to investigate the differential effect of monetary policy...

Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...