Paper #1198

Título:

Monetary policy and unemployment

Autor:

Jordi Galí

Fecha:

Octubre 2009

Resumen:

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.

Palabras clave:

Nominal rigidities, labor market frictions, wage rigidities.

Códigos JEL:

E32

Área de investigación:

Macroeconomía y Economía Internacional

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