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Monetary Policy and Unemployment

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  • Galí, Jordi

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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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7771.

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Date of creation: Apr 2010
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Handle: RePEc:cpr:ceprdp:7771

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Keywords: labor market frictions; nominal rigidities; wage rigidities;

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References

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Citations

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Cited by:
  1. Sergio Ocampo Díaz, 2012. "A Model of Rule-of-Thumb Consumers With Nominal Price and Wage Rigidities," BORRADORES DE ECONOMIA 009595, BANCO DE LA REPÚBLICA.
  2. Senbeta, Sisay, 2011. "A small open economy New Keynesian model for a foreign exchange constrained economy," MPRA Paper 29996, University Library of Munich, Germany.
  3. 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.
  4. Moon, Weh-Sol, 2011. "Business cycle with nominal contracts and search frictions," MPRA Paper 31716, University Library of Munich, Germany.
  5. José Ramón García Martínez & Valeri Sorolla, 2013. "Frictional and Non Frictional Unemployment in Models with Matching Frictions," Working Papers. Serie AD 2013-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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