A Study on the Employment Stabilization Effect of Structural Monetary Policy
Ensuring stable employment for enterprises is essential for high-quality economic development.Based on panel data of companies listed on the New Third Board from 2013 to 2022,this paper attempts to explore the effects and transmission mechanisms of China's structural monetary policy on stabilizing employment from the perspective of targeted regulation of char-acteristic companies.The research conclusion indicates that structural monetary policy can have a significant positive promoting effect on corporate employment.The channel test shows that structural monetary policy supports stable employment through the infusion effect,cost effect and signaling effect.The employment stabilization effect of structural monetary policy is stronger when the economy is in an upward cycle,the degree of industry competition is high,the competitive position of enterprises is low,and the dependence on external financing is higher.Therefore,the precise drip irrigation and leveraging effects of structural mon-etary policy should be brought into full play to stabilize employment,promote the economy and safeguard people's livelihoods,and help China's economy shift smoothly from the stage of high-speed growth to the stage of high-quality development.
万方数据
维普
