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...

This paper presents theory and evidence on the asymmetric effects of monetary policy on job creation and job destruction. Tight policy increases job destruction an reduces net employment changes. Conversely, easy policy appears ineffective in stimulating job creation

Overview of the crisis -- Productive sector performance -- Banking, capital markets, and financial services -- Monetary policy and public financial management -- Social dimensios of the crisis -- Concluding remarks

The Prosperity pillar of the 2030 Agenda for Sustainable Development calls for an integrated approach based on boosting productivity through diversification, upgrading technology and innovation, and increasing employment and entrepreneurship. Thailand needs to address all these challenges to...