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Monetary Policy and Unemployment

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  • Jordi Galí

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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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 15871.

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Date of creation: Apr 2010
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Publication status: published as “Monetary Policy and Unemployment,” in B. Friedman and M. Woodford ( eds.) Handbook of Monetary Economics , vol. 3A, Elsevier B.V., 2011, 487 - 546.
Handle: RePEc:nbr:nberwo:15871

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Cited by:
  1. Senbeta, Sisay, 2011. "A small open economy New Keynesian model for a foreign exchange constrained economy," MPRA Paper, University Library of Munich, Germany 29996, University Library of Munich, Germany.
  2. Avouyi-Dovi, Sanvi & Fougère, Denis & Gautier, Erwan, 2011. "Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data," IZA Discussion Papers, Institute for the Study of Labor (IZA) 5835, Institute for the Study of Labor (IZA).
  3. Sergio Ocampo Díaz, 2012. "A Model of Rule-of-Thumb Consumers With Nominal Price and Wage Rigidities," VNIVERSITAS ECONÓMICA, UNIVERSIDAD JAVERIANA - BOGOTÁ 010025, UNIVERSIDAD JAVERIANA - BOGOTÁ.
  4. José Ramón García Martínez & Valeri Sorolla, 2013. "Frictional and Non Frictional Unemployment in Models with Matching Frictions," Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) 2013-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  5. Moon, Weh-Sol, 2011. "Business cycle with nominal contracts and search frictions," MPRA Paper, University Library of Munich, Germany 31716, University Library of Munich, Germany.

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