Can monetary policy influence employment? The case of West African states (notice n° 545766)
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| fixed length control field | 01785cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113823.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Assemien, Alexandre |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Can monetary policy influence employment? The case of West African states |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2019.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 20 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper aims to analyze the impact of monetary policy shock on employment in the West African Economic and Monetary Union. We first propose a DSGE model to understand the link between monetary policy and employment. The model incorporates labor market frictions. We find that the effect of monetary policy on employment depends on the characteristics of the labor market, namely the job destruction rate and the bargaining power of firms (or workers). We show that an expansionary monetary policy shock increases employment, stock of capital (investment), and job finding probability. To verify the theoretical results, we estimate a structural panel VAR and find that an expansionary monetary policy shock increases employment as well as stock of capital and household consumption. Moreover, using another structural panel VAR, which allows cross-sectional heterogeneity of the response dynamics, we highlight heterogeneous responses of employment and macroeconomic variables following a monetary shock. JEL codes: C33, C36, E24, E52 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Panel VAR |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | WAEMU |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Employment |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | DSGE |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Monetary policy |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Esso, Loesse J. |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Kanga, Kouamé D. |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue d'économie politique | 129 | 5 | 2019-12-13 | p. 777-813 | 0373-2630 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-d-economie-politique-2019-5-page-777?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-d-economie-politique-2019-5-page-777?lang=en&redirect-ssocas=7080</a> |
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