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Understanding the effects of government spending on consumption

Galí, Jordi (contributor); … - 2005

Persistent link: https://www.econbiz.de/10003252629

Real wage rigidities and the new Keynesian model

Blanchard, Olivier (contributor); Galí, Jordi (contributor) - 2005

Persistent link: https://www.econbiz.de/10003255596

Robustness of the estimates of the hybrid New Keynesian Phillips curve

Galí, Jordi; López-Salido, José David - In: Journal of monetary economics 52 (2005) 6, pp. 1107-1118

Persistent link: https://www.econbiz.de/10003184590

Real wage rigidities and the new Keynesian model

Blanchard, Olivier; Galí, Jordi - 2005

Persistent link: https://www.econbiz.de/10003229655

Real wage rigidities and the new Keynesian model

Blanchard, Olivier (contributor); Galí, Jordi (contributor) - 2005 - This version: October 2005 (first draft: April 2005)

Most central banks perceive a trade-off between stabilizing inflation and stabilizing the gap between output and desired output. However, the standard new Keynesian framework implies no such trade-off. In that framework, stabilizing inflation is equivalent to stabilizing the welfare-relevant...