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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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    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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