Paper #1198
- Títol:
- Monetary policy and unemployment
- Autor:
- Jordi Galí
- Data:
- Octubre 2009
- Resum:
- 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.
- Paraules clau:
- Nominal rigidities, labor market frictions, wage rigidities.
- Codis JEL:
- E32
- Àrea de Recerca:
- Macroeconomia i Economia Internacional
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