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. This chapter describes some of the essential ingredients and properties of those models, and their implications for monetary policy.

MoreLess

Authors:	Galí, Jordi
Other Persons:	Friedman, Benjamin M. (contributor) ; Woodford, Michael (contributor)
Published in:	Handbook of Monetary Economics.
Subject:	Nominal Rigidities \| Labor Market Frictions \| Wage Rigidities

Online Resource

Check full text access |

More access options

Check Google Scholar

I need help

More details

Type of publication:	Article
Classification:	E0 - Macroeconomics and Monetary Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009002660