Jordi Galí

Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)

Director and Senior Researcher

Ramon Trias Fargas, 25-27

Barcelona, 08005

Spain

http://www.econ.upf.es/~gali

Massachusetts Institute of Technology (MIT) - Department of Economics

50 Memorial Drive

Cambridge, MA 02142

United States

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

56

DOWNLOADS
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Top 2,680

in Total Papers Downloads

13,175

CITATIONS
Rank 23

SSRN RANKINGS

Top 23

in Total Papers Citations

5,844

Scholarly Papers (56)

1.

The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so Different from the 1970s?

MIT Department of Economics Working Paper No. 07-21
Number of pages: 76 Posted: 26 Aug 2007 Last Revised: 01 Apr 2008
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 3,241 (3,164)
Citation 11

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oil, oil price, inflation, credibility, oil share, Great moderation, supply shocks, stagflation, monetary policy, real wage rigidities

2.
Downloads 2,317 ( 5,574)
Citation 205

Real Wage Rigidities and the New Keynesian Model

MIT Department of Economics Working Paper No. 05-28, FRB Boston Working Paper No. 05-14
Number of pages: 37 Posted: 07 Nov 2005
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 2,209 (5,910)
Citation 14

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oil price shocks, inflation targeting, monetary policy, inflation inertia

Real Wage Rigidities and the New Keynesian Model

NBER Working Paper No. w11806
Number of pages: 37 Posted: 24 Jan 2006 Last Revised: 20 Feb 2006
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 68 (336,432)
Citation 3

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Real Wage Rigidities and the New Keynesian Model

CEPR Discussion Paper No. 5375
Number of pages: 39 Posted: 22 Feb 2006
Jordi Galí and Olivier J. Blanchard
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and National Bureau of Economic Research (NBER)
Downloads 40 (430,694)
Citation 6
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Oil price shocks, inflation targeting, monetary policy, inflation inertia

3.

Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployement

MIT Department of Economics Working Paper No. 06-22, CFS Working Paper No. 2007/08
Number of pages: 42 Posted: 31 Jul 2006
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 2,170 (6,199)
Citation 1

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New-Keynesian model, labor market frictions, search model, unemployment, sticky prices, real wage rigidities

The Science of Monetary Policy: A New Keynesian Perspective

Universitat Pompeu Fabra Economics WP No. 356
Number of pages: 99 Posted: 09 Jun 1999
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 664 (37,424)
Citation 43

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The Science of Monetary Policy: a New Keynesian Perspective

NBER Working Paper No. w7147
Number of pages: 105 Posted: 13 Aug 1999 Last Revised: 12 Oct 2010
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 171 (173,882)
Citation 220

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Monetary Policy and Exchange Rate Volatility in a Small Open Economy

UPF Economics and Business Working Paper 835
Number of pages: 39 Posted: 29 Nov 2005
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 372 (77,910)
Citation 9

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Small open economy, optimal monetary policy, sticky prices, exchange rate peg, exchange rate volatility

Monetary Policy and Exchange Rate Volatility in a Small Open Economy

NBER Working Paper No. w8905
Number of pages: 45 Posted: 18 Apr 2002 Last Revised: 07 Jul 2005
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 58 (365,633)

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Monetary Policy and Exchange Rate Volatility in a Small Open Economy

CEPR Discussion Paper No. 3346
Number of pages: 47 Posted: 04 Jun 2002
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 28 (487,510)
Citation 23
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Small open economy, optimal monetary policy, sticky prices, exchange rate peg, exchange rate volatility

Understanding the Effects of Government Spending on Consumption

ECB Working Paper No. 339, FRB International Finance Discussion Paper No. 805
Number of pages: 56 Posted: 25 Aug 2004
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 345 (85,186)
Citation 16

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rule-of-thumb consumers, scal multiplier, government spending, Taylor rules

Understanding the Effects of Government Spending on Consumption

NBER Working Paper No. w11578
Number of pages: 54 Posted: 17 Oct 2005 Last Revised: 22 Aug 2010
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 44 (414,666)
Citation 4

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Understanding the Effects of Government Spending on Consumption

CEPR Discussion Paper No. 5212
Number of pages: 57 Posted: 07 Oct 2005
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 21 (530,207)
Citation 22
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Rule-of-thumb consumers, non-Ricardian households, fiscal multiplier, government spending, Taylor rules

7.

A New Keynesian Model with Unemployment

National Bank of Belgium Working Paper No. 92
Number of pages: 57 Posted: 09 Oct 2010
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 311 (96,315)
Citation 132

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new Keynesian model, labor market frictions, search model, unemployment, sticky prices, real wage rigidities

8.

The New Keynesian Approach to Monetary Policy Analysis: Lessons and New Directions

Number of pages: 18 Posted: 19 Mar 2008
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 257 (117,959)
Citation 1

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Sticky prices, optimal policy, interest rate rules, policy tradeoffs, credibility, gains from commitment

Monetary Policy Rules in Practice: Some International Evidence

NBER Working Paper No. w6254
Number of pages: 47 Posted: 21 Jul 2000 Last Revised: 07 Oct 2010
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 230 (131,497)
Citation 134

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Monetary Policy Rules in Practice: Some International Evidence

CEPR Discussion Paper Series Number 1750
Posted: 27 Feb 1998
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

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10.
Downloads 188 (159,685)
Citation 54

Macroeconomic Modeling for Monetary Policy Evaluation

Number of pages: 50 Posted: 27 Jul 2007
Jordi Galí and Mark Gertler
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 144 (201,277)
Citation 1

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New Keynesian models, microeconomic foundations, nominal rigidities, interest rate rules

Macroeconomic Modeling for Monetary Policy Evaluation

NBER Working Paper No. w13542
Number of pages: 51 Posted: 24 Oct 2007 Last Revised: 04 Jul 2010
Jordi Galí and Mark Gertler
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 44 (414,666)
Citation 21

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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

NBER Working Paper No. w6442
Number of pages: 38 Posted: 21 Jul 2000 Last Revised: 08 Oct 2010
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 172 (172,975)
Citation 257

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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

CEPR Discussion Paper Series Number 1908
Posted: 24 Sep 1998
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics

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12.
Downloads 157 (186,969)
Citation 98

On the Sources of the Great Moderation

Number of pages: 59 Posted: 27 Jul 2007
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Universitat Pompeu Fabra - Department of Economics and Business (DEB)
Downloads 119 (234,059)
Citation 2

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Great Moderation, structural VAR, technology shocks, monetary policy rules, labor hoarding

On the Sources of the Great Moderation

NBER Working Paper No. w14171
Number of pages: 57 Posted: 16 Jul 2008 Last Revised: 03 Oct 2010
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Universitat Pompeu Fabra - Department of Economics and Business (DEB)
Downloads 35 (452,548)

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On the Sources of the Great Moderation

CEPR Discussion Paper No. DP6632
Number of pages: 61 Posted: 05 Jun 2008
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Universitat Pompeu Fabra - Department of Economics and Business (DEB)
Downloads 3 (654,630)
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Great Moderation, Labour hoarding, Monetary policy rules, Structural VARs, Technology Shocks

Modern Perspectives on Stabilization Policies

Number of pages: 22 Posted: 15 Nov 2005
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 81 (303,756)

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Business cycles, inefficient allocations, government spending multiplier, non-Ricardian households, countercyclical policies

Modern Perspectives on Stabilization Policies

UPF Economics and Business Working Paper 830
Number of pages: 26 Posted: 29 Nov 2005
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 64 (347,572)

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Business cycles, inefficient allocations, government spending multiplier, non-Ricardian households, countercyclical policies

New Perspectives on Monetary Policy, Inflation, and the Business Cycle

NBER Working Paper No. w8767
Number of pages: 52 Posted: 07 Feb 2002 Last Revised: 28 Nov 2009
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 122 (229,688)

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New Perspectives on Monetary Policy, Inflation and the Business Cycle

CEPR Discussion Paper No. 3210
Number of pages: 53 Posted: 08 Mar 2002
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 16 (562,380)
Citation 2
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Nominal rigidities, monetary policy, Phillips Curve, monetary policy rules

15.
Downloads 137 (209,054)
Citation 5

The Vanishing Procyclicality of Labor Productivity

IZA Discussion Paper No. 5099
Number of pages: 44 Posted: 02 Aug 2010
Jordi Galí and Thijs van Rens
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and University of Warwick - Department of Economics
Downloads 135 (212,177)

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wage rigidities, labor market frictions, labor hoarding, effort choice

The Vanishing Procyclicality of Labor Productivity

CEPR Discussion Paper No. DP9853
Number of pages: 49 Posted: 02 Jun 2014
Jordi Galí and Thijs van Rens
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and University of Warwick - Department of Economics
Downloads 2 (665,816)
Citation 2
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effort choice, hiring frictions, labor hoarding, labor market turnover, wage rigidities

16.

European Inflation Dynamics

NBER Working Paper No. w8218
Number of pages: 40 Posted: 29 Mar 2001 Last Revised: 31 Mar 2001
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 129 (219,273)
Citation 6

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17.

Inflation Dynamics: A Structural Econometric Analysis

NBER Working Paper No. w7551
Number of pages: 31 Posted: 05 May 2000 Last Revised: 16 Oct 2010
Jordi Galí and Mark Gertler
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 126 (223,230)
Citation 24

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Markups, Gaps, and the Welfare Costs of Business Fluctuations

UPF Economics and Business Working Paper 836
Number of pages: 46 Posted: 29 Nov 2005
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 46 (407,088)
Citation 2

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Business cycles, countercyclical markups, welfare costs

Markups, Gaps, and the Welfare Costs of Business Fluctuations

NBER Working Paper No. w8850
Number of pages: 47 Posted: 01 Jun 2006 Last Revised: 26 Oct 2010
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 30 (476,810)

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Markups, Gaps and the Welfare Costs of Business Fluctuations

CEPR Discussion Paper No. 4134
Number of pages: 46 Posted: 03 Jan 2004
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 23 (517,320)
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Markups, Gaps and the Welfare Costs of Business Fluctuations

CEPR Discussion Paper No. 3212
Number of pages: 37 Posted: 19 Mar 2002
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 19 (543,040)
Citation 7
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Business cycles, countercyclical markups, welfare costs

19.

Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?

NBER Working Paper No. w4658
Number of pages: 84 Posted: 10 Jul 2000 Last Revised: 30 Sep 2010
Richard Clarida and Jordi Galí
Columbia University - Graduate School of Arts and Sciences - Department of Eco and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 110 (246,606)
Citation 5

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The Macroeconomic Effects of Oil Shocks: Why are the 2000s so Different from the 1970s?

NBER Working Paper No. w13368
Number of pages: 78 Posted: 10 Sep 2007 Last Revised: 21 Mar 2014
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 99 (266,970)

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The Macroeconomic Effects of Oil Shocks: Why are the 2000s so Different from the 1970s?

CEPR Discussion Paper No. DP6631
Number of pages: 79 Posted: 05 Jun 2008
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 8 (616,700)
Citation 7
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Great Moderation, Monetary policy credibility, Real wage rigidities, Sticky Prices

A Simple Framework for International Monetary Policy Analysis

NBER Working Paper No. w8870
Number of pages: 35 Posted: 04 Apr 2002 Last Revised: 27 Oct 2010
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 63 (350,493)

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A Simple Framework for International Monetary Policy Analysis

CEPR Discussion Paper No. 3555
Number of pages: 37 Posted: 11 Jun 2002
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 27 (493,136)
Citation 5
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International monetary policy, Nash equilibrium, co-operation, marginal cost

22.
Downloads 88 (285,979)
Citation 21

Unemployment in an Estimated New Keynesian Model

National Bank of Poland Working Paper No. 106
Number of pages: 46 Posted: 17 Feb 2012
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 56 (372,167)
Citation 7

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nominal rigidities, unemployment fluctuations, Phillips curve, wage markups shocks, output gap

Unemployment in an Estimated New Keynesian Model

NBER Working Paper No. w17084
Number of pages: 53 Posted: 31 May 2011
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 29 (482,015)

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Unemployment in an Estimated New Keynesian Model

CEPR Discussion Paper No. DP8401
Number of pages: 55 Posted: 26 May 2011
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 3 (654,630)
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Nominal rigidities, output gap, Phillips curve, unemployment fluctuations, wage markup shocks

23.
Downloads 85 (292,343)
Citation 181

Fiscal Policy and Monetary Integration in Europe

NBER Working Paper No. w9773
Number of pages: 45 Posted: 15 Jun 2003 Last Revised: 04 Nov 2010
Jordi Galí and Roberto Perotti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 59 (362,440)

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Fiscal Policy and Monetary Integration in Europe

CEPR Discussion Paper No. 3933
Number of pages: 46 Posted: 08 Aug 2003
Jordi Galí and Roberto Perotti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 26 (499,020)
Citation 5
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Stabilization policy, counter-cyclical fiscal policy, European monetary integration, fiscal rules

Trends in Hours, Balanced Growth and the Role of Technology in the Business Cycle

UPF Economics and Business Working Paper 829
Number of pages: 44 Posted: 29 Nov 2005
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 45 (410,825)

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Real business cycles, technology shocks, market frictions, balanced growth path,stationarity of hours

Trends in Hours, Balanced Growth, and the Role of Technology in the Business Cycle

NBER Working Paper No. w11130
Number of pages: 45 Posted: 14 Mar 2005 Last Revised: 29 Nov 2005
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 22 (523,755)
Citation 1

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Trends in Hours, Balanced Growth and the Role of Technology in the Business Cycle

CEPR Discussion Paper No. 4915
Number of pages: 46 Posted: 14 Jun 2005
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 16 (562,380)
Citation 1
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Real business cycles, technology shocks, non-stationary hours

25.

Optimal Monetary and Fiscal Policy in a Currency Union

IGIER Working Paper No. 300
Number of pages: 40 Posted: 19 Dec 2005
Tommaso Monacelli and Jordi Galí
Bocconi University - Department of Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 81 (300,983)
Citation 1

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monetary union, sticky prices, countercyclical policy, inflation differentials

26.

Optimal Monetary Policy in Closed Versus Open Economies: An Integrated Approach

NBER Working Paper No. w8604
Number of pages: 14 Posted: 17 Nov 2001 Last Revised: 25 Oct 2010
Richard Clarida, Jordi Galí and Mark Gertler
Columbia University - Graduate School of Arts and Sciences - Department of Eco, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and New York University - Leonard N. Stern School of Business - Department of Economics
Downloads 78 (307,765)
Citation 4

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27.

Technology Shocks and Aggregate Fluctuations: How Well Does the Real Business Cycle Model Fit Postwar U.S. Data?

IMF Working Paper No. 04/234
Number of pages: 67 Posted: 09 Feb 2006
Jordi Galí and Pau Rabanal
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and International Monetary Fund
Downloads 73 (319,769)

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Real Business Cycles, Technology Shocks, Nominal Rigidities, Real Frictions

28.

Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations

NBER Working Paper No. w5721
Number of pages: 54 Posted: 28 Oct 1996 Last Revised: 04 Oct 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 72 (322,164)
Citation 19

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29.

New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling

Number of pages: 12 Posted: 20 Jul 2007
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 67 (335,117)

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Price setting practices, macro modellling

30.
Downloads 65 (340,435)
Citation 32

Monetary Policy and Unemployment

NBER Working Paper No. w15871
Number of pages: 83 Posted: 05 Apr 2010 Last Revised: 10 Apr 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 63 (350,493)

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Monetary Policy and Unemployment

CEPR Discussion Paper No. DP7771
Number of pages: 93 Posted: 12 Apr 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 2 (665,816)
Citation 1
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labor market frictions, nominal rigidities, wage rigidities

31.
Downloads 49 (389,281)
Citation 90

Optimal Monetary and Fiscal Policy in a Currency Union

NBER Working Paper No. w11815
Number of pages: 40 Posted: 19 Feb 2006 Last Revised: 01 Aug 2009
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 30 (476,810)
Citation 7

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Optimal Monetary and Fiscal Policy in a Currency Union

CEPR Discussion Paper No. 5374
Number of pages: 42 Posted: 20 Feb 2006
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 19 (543,040)
Citation 3
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Monetary union, sticky prices, countercyclical policy, inflation differentials

Rule-of-Thumb Consumers and the Design of Interest Rate Rules

NBER Working Paper No. w10392
Number of pages: 40 Posted: 26 May 2011 Last Revised: 05 Jan 2012
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), affiliation not provided to SSRN and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 27 (493,136)

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Rule-of-Thumb Consumers and the Design of Interest Rate Rules

CEPR Discussion Paper No. 4347
Number of pages: 42 Posted: 13 May 2004
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 19 (543,040)
Citation 1
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Taylor principle, interest rate rules, sticky prices, rule-of-thumb consumers

33.

Technology Shocks and Aggregate Fluctuations: How Well Does the Rbs Model Fit Postwar U.S. Data?

NBER Working Paper No. w10636
Number of pages: 82 Posted: 23 Aug 2004 Last Revised: 26 Jul 2010
Jordi Galí and Pau Rabanal
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and La Caixa
Downloads 41 (417,943)

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Technology Shocks and Monetary Policy: Assessing the Fed's Performance

NBER Working Paper No. w8768
Number of pages: 29 Posted: 07 Feb 2002 Last Revised: 15 Feb 2002
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 24 (511,207)

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Technology Shocks and Monetary Policy: Assessing the Fed's Performance

CEPR Discussion Paper No. 3211
Number of pages: 31 Posted: 14 Mar 2002
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Board of Governors of the Federal Reserve System and Government of the Kingdom of Spain - Economic Bureau of the President
Downloads 15 (568,913)
Citation 2
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Optimal monetary policy, monetary targeting, Taylor Rule, Fed behaviour

35.
Downloads 38 (429,916)
Citation 4

Are Central Banks' Projections Meaningful?

NBER Working Paper No. w16384
Number of pages: 30 Posted: 27 Sep 2010 Last Revised: 17 Oct 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 32 (466,559)

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Are Central Banks' Projections Meaningful?

CEPR Discussion Paper No. DP8027
Number of pages: 32 Posted: 22 Nov 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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conditinal forecats, constant interest rate projections, inflation targeting, interest rate path, interest rate rules, multiple equilibria

The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence

NBER Working Paper No. w19981
Number of pages: 38 Posted: 19 Mar 2014
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Universitat Autonoma de Barcelona
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Citation 5

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The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence

CEPR Discussion Paper No. DP10070
Number of pages: 40 Posted: 25 Sep 2014
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Universitat Autonoma de Barcelona
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Citation 2
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asset price booms, financial stability, inflation targeting, leaning against the wind policies

37.
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Citation 20

Slow Recoveries: A Structural Interpretation

NBER Working Paper No. w18085
Number of pages: 39 Posted: 19 May 2012
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
Downloads 27 (493,136)
Citation 3

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Slow Recoveries: A Structural Interpretation

CEPR Discussion Paper No. DP8978
Number of pages: 41 Posted: 28 Sep 2012
Jordi Galí, Frank Smets and Rafael Wouters
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), European Central Bank (ECB) and National Bank of Belgium
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Citation 13
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estimated DSGE models, Jobless recoveries, Okun's law, U.S. business cycle

38.
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Citation 65

The Return of the Wage Phillips Curve

NBER Working Paper No. w15758
Number of pages: 48 Posted: 22 Feb 2010 Last Revised: 24 Jul 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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The Return of the Wage Phillips Curve

CEPR Discussion Paper No. DP7700
Number of pages: 49 Posted: 01 Mar 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 7
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New Keynesian model, staggered nominal wage setting, unemployment fluctuations

39.

Constant Interest Rate Projections without the Curse of Indeterminacy

Number of pages: 11 Posted: 07 Nov 2007
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 33 (450,679)
Citation 1

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Interest rate peg, inflation targeting, conditional forecasts, interest rate rules, multiple equilibria

40.

Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve

NBER Working Paper No. w11788
Number of pages: 16 Posted: 24 Feb 2006 Last Revised: 18 Sep 2010
Jordi Galí, Mark Gertler and David Lopez-Salido
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), New York University - Leonard N. Stern School of Business - Department of Economics and Board of Governors of the Federal Reserve System
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41.

Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployment

NBER Working Paper No. w13897
Number of pages: 42 Posted: 21 Mar 2008 Last Revised: 03 Jul 2010
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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42.
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Citation 59

Monetary Policy and Rational Asset Price Bubbles

NBER Working Paper No. w18806
Number of pages: 54 Posted: 16 Feb 2013
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Monetary Policy and Rational Asset Price Bubbles

CEPR Discussion Paper No. DP9355
Number of pages: 55 Posted: 21 Feb 2013
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 8
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Asset price volatility, Leaning against the wind policies, Monetary policy rules, Stabilization policies

43.

To Each According to...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints

NBER Working Paper No. w5930
Number of pages: 46 Posted: 11 Jun 2000 Last Revised: 05 Oct 2010
Raquel Fernández and Jordi Galí
New York University - Leonard N. Stern School of Business, Department of Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 23 (501,275)
Citation 5

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The Optimal Inflation Target and the Natural Rate of Interest

Banque de France Working Paper No. 670
Number of pages: 62 Posted: 27 Mar 2018
Federal Reserve Banks - Federal Reserve Bank of Boston, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Banque de France - Centre de Recherche and Banque de France
Downloads 16 (562,380)

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inflation target, effective lower bound

The Optimal Inflation Target and the Natural Rate of Interest

NBER Working Paper No. w24328
Number of pages: 61 Posted: 21 Feb 2018
Federal Reserve Banks - Federal Reserve Bank of Boston, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Banque de France - Centre de Recherche and Banque de France
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The Optimal Inflation Target and the Natural Rate of Interest

CEPR Discussion Paper No. DP12723
Number of pages: 63 Posted: 20 Feb 2018
Federal Reserve Banks - Federal Reserve Bank of Boston, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Banque de France - Centre de Recherche and Banque de France
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Citation 1
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effective lower bound, inflation target

45.

Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Post-War Us Data?

CEPR Discussion Paper No. 4522
Number of pages: 84 Posted: 21 Sep 2004
Jordi Galí and Pau Rabanal
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and La Caixa
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Citation 36
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Real business cycles, technology shocks, nominal rigidities, real frictions

46.

Non-Walrasian Unemployment Fluctuations

NBER Working Paper No. w5337
Number of pages: 57 Posted: 20 Jul 2000 Last Revised: 24 Sep 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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The State of New Keynesian Economics: A Partial Assessment

NBER Working Paper No. w24845
Number of pages: 31 Posted: 01 Aug 2018
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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The State of New Keynesian Economics: A Partial Assessment

CEPR Discussion Paper No. DP13095
Number of pages: 33 Posted: 06 Aug 2018
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment

NBER Working Paper No. w18651
Number of pages: 39 Posted: 22 Dec 2012
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment

CEPR Discussion Paper No. DP9285
Number of pages: 40 Posted: 01 Feb 2013
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 1
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employment stability, Monetary policy rules, Wage flexibility

49.

Hysteresis and the European Unemployment Problem Revisited

NBER Working Paper No. w21430
Number of pages: 51 Posted: 03 Aug 2015
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 18 (530,340)

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50.

Patterns of Convergence and Divergence in the Euro Area

NBER Working Paper No. w19561
Number of pages: 39 Posted: 25 Oct 2013
Banco de España, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Board of Governors of the Federal Reserve System
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Citation 3

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Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

NBER Working Paper No. w22489
Number of pages: 38 Posted: 08 Aug 2016
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
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Citation 1

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Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

CEPR Discussion Paper No. DP9806
Number of pages: 55 Posted: 02 Jun 2014
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
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currency unions, exchange rate policy, exchange rate regime, monetary policy rules., New Keynesian model, nominal rigidities, stabilization policies, stabilization policy, sticky wages

Has the U.S. Wage Phillips Curve Flattened? A Semi-Structural Exploration

NBER Working Paper No. w25476
Number of pages: 34 Posted: 23 Jan 2019
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and University of Turin
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Has the U.S. Wage Phillips Curve Flattened? a Semi-Structural Exploration

CEPR Discussion Paper No. DP13452
Number of pages: 36 Posted: 23 Jan 2019
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and University of Turin
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Citation 1
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On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint

NBER Working Paper No. w25820
Number of pages: 45 Posted: 13 May 2019
Davide Debortoli, Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Department of Economics and Business, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and University of Turin
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Citation 1
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On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint

CEPR Discussion Paper No. DP12691
Number of pages: 27 Posted: 14 Feb 2018
Davide Debortoli, Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Department of Economics and Business, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Universitat Autonoma de Barcelona
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Citation 2
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liquidity trap, regime changes, time-varying structural vector-autoregressive models, unconventional monetary policies

54.

Labour Markets and Monetary Policy: A New Keynesian Model with Unemployment

CEPR Discussion Paper No. DP6765
Number of pages: 44 Posted: 11 Jun 2008
Olivier J. Blanchard and Jordi Galí
National Bureau of Economic Research (NBER) and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 8 (591,065)
Citation 1
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Labour market frictions, New Keynesian Model, real wage rigidities, search model, sticky prices, unemployment

55.

The Effects of a Money-Financed Fiscal Stimulus

CEPR Discussion Paper No. DP10165
Number of pages: 50 Posted: 30 Sep 2014
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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fiscal multiplier, government spending, seignorage

56.

Patterns of Convergence and Divergence in the Euro Area

CEPR Discussion Paper No. DP9685
Number of pages: 41 Posted: 16 Oct 2013
Banco de España, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Board of Governors of the Federal Reserve System
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competitiveness, current account imbalances, inflation differentials, labor markets, macroeconomic convergence, relative prices