Monetary shocks and job flows: evidence from disaggregated data
This paper uses a structural near-VAR to examine the effect of monetary shocks on industry-level job creation and job destruction. I find asymmetry in the job flows’ responses to a positive monetary shock for disaggregated industries in the manufacturing, mining and services sectors. These findings...
Gespeichert in:
| Veröffentlicht in: | Empirical economics 2020-06, Vol.58 (6), p.2911-2936 |
|---|---|
| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 2936 |
|---|---|
| container_issue | 6 |
| container_start_page | 2911 |
| container_title | Empirical economics |
| container_volume | 58 |
| creator | Karaki, Mohamad B. |
| description | This paper uses a structural near-VAR to examine the effect of monetary shocks on industry-level job creation and job destruction. I find asymmetry in the job flows’ responses to a positive monetary shock for disaggregated industries in the manufacturing, mining and services sectors. These findings indicate that monetary shocks trigger changes in job reallocation and point that monetary policy has important allocative effects. Yet, a test for the absence of job reallocation reveals that monetary shocks have a significant effect on job reallocation for a limited number of industries within these sectors. Moreover, this effect becomes largely insignificant after accounting for data mining. |
| doi_str_mv | 10.1007/s00181-018-1617-2 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_2150230785</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2150230785</sourcerecordid><originalsourceid>FETCH-LOGICAL-c381t-c4535e97f68dc4761256059faab8178558a612224b20d47d61c345b6f78518e93</originalsourceid><addsrcrecordid>eNp1kE9LAzEQxYMoWKsfwFvAczSTP5usF5FiVah40XPIbpK1td3UZKv47U1ZwZOXGZj5vTfMQ-gc6CVQqq4ypaCBlEKgAkXYAZqA4JLomsEhmlCuFFGcs2N0kvOKUsq1FBN08xR7P9j0jfNbbN8ztr3Dq9jgsI5f-Rr7z6XzfetxSHGD3TLbrku-s4N32NnBnqKjYNfZn_32KXqd373MHsji-f5xdrsgLdcwkFZILn2tQqVdK1QFTFZU1sHaRoPSUmpbZoyJhlEnlKug5UI2VSg70L7mU3Qx-m5T_Nj5PJhV3KW-nDQMJGWcFrJQMFJtijknH8w2LTflOwPU7HMyY06mFLPPybCiYaMmF7bvfPpz_l_0Axw9aHo</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2150230785</pqid></control><display><type>article</type><title>Monetary shocks and job flows: evidence from disaggregated data</title><source>PAIS Index</source><source>SpringerLink Journals - AutoHoldings</source><source>EBSCOhost Business Source Complete</source><creator>Karaki, Mohamad B.</creator><creatorcontrib>Karaki, Mohamad B.</creatorcontrib><description>This paper uses a structural near-VAR to examine the effect of monetary shocks on industry-level job creation and job destruction. I find asymmetry in the job flows’ responses to a positive monetary shock for disaggregated industries in the manufacturing, mining and services sectors. These findings indicate that monetary shocks trigger changes in job reallocation and point that monetary policy has important allocative effects. Yet, a test for the absence of job reallocation reveals that monetary shocks have a significant effect on job reallocation for a limited number of industries within these sectors. Moreover, this effect becomes largely insignificant after accounting for data mining.</description><identifier>ISSN: 0377-7332</identifier><identifier>EISSN: 1435-8921</identifier><identifier>DOI: 10.1007/s00181-018-1617-2</identifier><language>eng</language><publisher>Berlin/Heidelberg: Springer Berlin Heidelberg</publisher><subject>Data mining ; Econometrics ; Economic impact ; Economic models ; Economic theory ; Economic Theory/Quantitative Economics/Mathematical Methods ; Economics ; Economics and Finance ; Finance ; Insurance ; Job creation ; Management ; Manufacturing ; Monetary policy ; Statistics for Business</subject><ispartof>Empirical economics, 2020-06, Vol.58 (6), p.2911-2936</ispartof><rights>Springer-Verlag GmbH Germany, part of Springer Nature 2018</rights><rights>Springer-Verlag GmbH Germany, part of Springer Nature 2018.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c381t-c4535e97f68dc4761256059faab8178558a612224b20d47d61c345b6f78518e93</citedby><cites>FETCH-LOGICAL-c381t-c4535e97f68dc4761256059faab8178558a612224b20d47d61c345b6f78518e93</cites><orcidid>0000-0003-0925-9054</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s00181-018-1617-2$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s00181-018-1617-2$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,776,780,27843,27901,27902,41464,42533,51294</link.rule.ids></links><search><creatorcontrib>Karaki, Mohamad B.</creatorcontrib><title>Monetary shocks and job flows: evidence from disaggregated data</title><title>Empirical economics</title><addtitle>Empir Econ</addtitle><description>This paper uses a structural near-VAR to examine the effect of monetary shocks on industry-level job creation and job destruction. I find asymmetry in the job flows’ responses to a positive monetary shock for disaggregated industries in the manufacturing, mining and services sectors. These findings indicate that monetary shocks trigger changes in job reallocation and point that monetary policy has important allocative effects. Yet, a test for the absence of job reallocation reveals that monetary shocks have a significant effect on job reallocation for a limited number of industries within these sectors. Moreover, this effect becomes largely insignificant after accounting for data mining.</description><subject>Data mining</subject><subject>Econometrics</subject><subject>Economic impact</subject><subject>Economic models</subject><subject>Economic theory</subject><subject>Economic Theory/Quantitative Economics/Mathematical Methods</subject><subject>Economics</subject><subject>Economics and Finance</subject><subject>Finance</subject><subject>Insurance</subject><subject>Job creation</subject><subject>Management</subject><subject>Manufacturing</subject><subject>Monetary policy</subject><subject>Statistics for Business</subject><issn>0377-7332</issn><issn>1435-8921</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2020</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><sourceid>BENPR</sourceid><recordid>eNp1kE9LAzEQxYMoWKsfwFvAczSTP5usF5FiVah40XPIbpK1td3UZKv47U1ZwZOXGZj5vTfMQ-gc6CVQqq4ypaCBlEKgAkXYAZqA4JLomsEhmlCuFFGcs2N0kvOKUsq1FBN08xR7P9j0jfNbbN8ztr3Dq9jgsI5f-Rr7z6XzfetxSHGD3TLbrku-s4N32NnBnqKjYNfZn_32KXqd373MHsji-f5xdrsgLdcwkFZILn2tQqVdK1QFTFZU1sHaRoPSUmpbZoyJhlEnlKug5UI2VSg70L7mU3Qx-m5T_Nj5PJhV3KW-nDQMJGWcFrJQMFJtijknH8w2LTflOwPU7HMyY06mFLPPybCiYaMmF7bvfPpz_l_0Axw9aHo</recordid><startdate>20200601</startdate><enddate>20200601</enddate><creator>Karaki, Mohamad B.</creator><general>Springer Berlin Heidelberg</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7TQ</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DHY</scope><scope>DON</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>K8~</scope><scope>L.-</scope><scope>M0C</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><orcidid>https://orcid.org/0000-0003-0925-9054</orcidid></search><sort><creationdate>20200601</creationdate><title>Monetary shocks and job flows: evidence from disaggregated data</title><author>Karaki, Mohamad B.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c381t-c4535e97f68dc4761256059faab8178558a612224b20d47d61c345b6f78518e93</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2020</creationdate><topic>Data mining</topic><topic>Econometrics</topic><topic>Economic impact</topic><topic>Economic models</topic><topic>Economic theory</topic><topic>Economic Theory/Quantitative Economics/Mathematical Methods</topic><topic>Economics</topic><topic>Economics and Finance</topic><topic>Finance</topic><topic>Insurance</topic><topic>Job creation</topic><topic>Management</topic><topic>Manufacturing</topic><topic>Monetary policy</topic><topic>Statistics for Business</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Karaki, Mohamad B.</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>PAIS Index</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>DELNET Management Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><jtitle>Empirical economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Karaki, Mohamad B.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Monetary shocks and job flows: evidence from disaggregated data</atitle><jtitle>Empirical economics</jtitle><stitle>Empir Econ</stitle><date>2020-06-01</date><risdate>2020</risdate><volume>58</volume><issue>6</issue><spage>2911</spage><epage>2936</epage><pages>2911-2936</pages><issn>0377-7332</issn><eissn>1435-8921</eissn><abstract>This paper uses a structural near-VAR to examine the effect of monetary shocks on industry-level job creation and job destruction. I find asymmetry in the job flows’ responses to a positive monetary shock for disaggregated industries in the manufacturing, mining and services sectors. These findings indicate that monetary shocks trigger changes in job reallocation and point that monetary policy has important allocative effects. Yet, a test for the absence of job reallocation reveals that monetary shocks have a significant effect on job reallocation for a limited number of industries within these sectors. Moreover, this effect becomes largely insignificant after accounting for data mining.</abstract><cop>Berlin/Heidelberg</cop><pub>Springer Berlin Heidelberg</pub><doi>10.1007/s00181-018-1617-2</doi><tpages>26</tpages><orcidid>https://orcid.org/0000-0003-0925-9054</orcidid></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0377-7332 |
| ispartof | Empirical economics, 2020-06, Vol.58 (6), p.2911-2936 |
| issn | 0377-7332 1435-8921 |
| language | eng |
| recordid | cdi_proquest_journals_2150230785 |
| source | PAIS Index; SpringerLink Journals - AutoHoldings; EBSCOhost Business Source Complete |
| subjects | Data mining Econometrics Economic impact Economic models Economic theory Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Finance Insurance Job creation Management Manufacturing Monetary policy Statistics for Business |
| title | Monetary shocks and job flows: evidence from disaggregated data |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-04T10%3A00%3A17IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Monetary%20shocks%20and%20job%20flows:%20evidence%20from%20disaggregated%20data&rft.jtitle=Empirical%20economics&rft.au=Karaki,%20Mohamad%20B.&rft.date=2020-06-01&rft.volume=58&rft.issue=6&rft.spage=2911&rft.epage=2936&rft.pages=2911-2936&rft.issn=0377-7332&rft.eissn=1435-8921&rft_id=info:doi/10.1007/s00181-018-1617-2&rft_dat=%3Cproquest_cross%3E2150230785%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2150230785&rft_id=info:pmid/&rfr_iscdi=true |