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Monetary Policy and Unemployment

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  • Jordi Galé
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    Abstract

    Much recent research has focused on the development and analysis of extensions of the New Keynesian framework that model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and properties of those models, and their implications for monetary policy.

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    File URL: http://research.barcelonagse.eu/tmp/working_papers/435.pdf
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    Bibliographic Info

    Paper provided by Barcelona Graduate School of Economics in its series Working Papers with number 435.

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    Date of creation: Feb 2010
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    Handle: RePEc:bge:wpaper:435

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    Related research

    Keywords: Nominal rigidities; Labor market frictions; Wage rigidities;

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    References

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    Citations

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    Cited by:
    1. Moon, Weh-Sol, 2011. "Business cycle with nominal contracts and search frictions," MPRA Paper 31716, University Library of Munich, Germany.
    2. Gautier, Erwan & Fougère, Denis & Avouyi-Dovi, Sanvi, 2013. "Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data," Economics Papers from University Paris Dauphine 123456789/11158, Paris Dauphine University.
    3. Senbeta, Sisay, 2011. "A small open economy New Keynesian model for a foreign exchange constrained economy," MPRA Paper 29996, University Library of Munich, Germany.

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