The role of monetary policy instruments in ensuring exchange rate stability and their impact on labor market dynamics

Abstract

This article examines the role of monetary policy instruments in ensuring exchange rate stability and their impact on labor market dynamics. The study evaluates the effects of interest rates, open market operations, and foreign exchange interventions on the economy and analyzes how exchange rate fluctuations influence employment, unemployment, and real wages. It also develops scientific conclusions aimed at maintaining macroeconomic stability and improving labor market efficiency through monetary policy instruments.