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Monetary policy and unemployment

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 Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 1198.

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Date of creation: Oct 2009
Date of revision: Feb 2010
Handle: RePEc:upf:upfgen:1198
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