Citation

Discussion Paper Details

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Title: Monetary Policy and Unemployment

Author(s): Jordi Galí

Publication Date: April 2010

Keyword(s): labor market frictions, nominal rigidities and wage rigidities

Programme Area(s): International Macroeconomics

Abstract: 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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Bibliographic Reference

Galí, J. 2010. 'Monetary Policy and Unemployment'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=7771