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Monetary Policy and Unemployment

  • Jordi Galé
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    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://www.barcelonagse.eu/sites/default/files/working_paper_pdfs/435.pdf
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    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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    34. repec:pri:indrel:dsp01w37636771 is not listed on IDEAS
    35. Sveen, Tommy & Weinke, Lutz, 2008. "New Keynesian perspectives on labor market dynamics," Journal of Monetary Economics, Elsevier, vol. 55(5), pages 921-930, July.
    36. John B. Taylor, 1999. "Monetary Policy Rules," NBER Books, National Bureau of Economic Research, Inc, number tayl99-1.
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