Monetary policy and labor market dynamics: A gender perspective from developing economies

Marjan Petreski, Stefan Tanevski and Alejandro D. Jacobo

Journal of Policy Modeling, 2025, vol. 47, issue 5, 999-1020

Abstract: This study examines the gendered effects of monetary policy shocks in developing economies. Using a modified Taylor rule incorporating foreign reserve movements, we identify country-specific monetary shocks and apply a local projections estimator to analyze gender-disaggregated labor market responses in 99 developing economies from 2009 to 2021. Results indicate that women experience more negative employment effects than men post-shock, particularly in high-growth environments and under monetary tightening. The findings underscore the need for monetary authorities to consider gender disparities in policy formulation and to coordinate with labor and fiscal policies to mitigate adverse effects on women’s labor market outcomes.

Keywords: Monetary policy; Gendered labor market dynamics; Developing economies (search for similar items in EconPapers)
JEL-codes: E52 J16 J21 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0161893825000249
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:47:y:2025:i:5:p:999-1020

DOI: 10.1016/j.jpolmod.2025.03.002

Access Statistics for this article

Journal of Policy Modeling is currently edited by A. M. Costa

More articles in Journal of Policy Modeling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().