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

62

DOWNLOADS
Rank 3,397

SSRN RANKINGS

Top 3,397

in Total Papers Downloads

14,446

SSRN CITATIONS
Rank 24

SSRN RANKINGS

Top 24

in Total Papers Citations

2,890

CROSSREF CITATIONS

8,953

Scholarly Papers (62)

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
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 3,376 (4,232)
Citation 27

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

2.
Downloads 2,392 ( 7,529)
Citation 234

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
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 2,278 (7,988)
Citation 3

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

Real Wage Rigidities and the New Keynesian Model

Number of pages: 37 Posted: 24 Jan 2006 Last Revised: 06 Oct 2021
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 73 (408,509)
Citation 15

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Real Wage Rigidities and the New Keynesian Model

Number of pages: 39 Posted: 22 Feb 2006
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics
Downloads 41 (536,714)
Citation 25
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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
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 2,261 (8,226)
Citation 2

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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 744 (43,019)
Citation 156

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The Science of Monetary Policy: a New Keynesian Perspective

Number of pages: 105 Posted: 13 Aug 1999 Last Revised: 14 Jul 2021
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 218 (178,618)
Citation 245

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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 399 (94,065)
Citation 37

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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

Number of pages: 45 Posted: 18 Apr 2002 Last Revised: 01 Nov 2021
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 73 (408,509)
Citation 4

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Monetary Policy and Exchange Rate Volatility in a Small Open Economy

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 29 (605,630)
Citation 79
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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 418 (89,126)
Citation 14

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

Understanding the Effects of Government Spending on Consumption

Number of pages: 54 Posted: 17 Oct 2005 Last Revised: 22 Aug 2021
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 57 (465,366)
Citation 69

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Understanding the Effects of Government Spending on Consumption

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 22 (656,168)
Citation 49
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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
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 451 (82,276)
Citation 136

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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 277 (141,488)
Citation 2

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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

Number of pages: 47 Posted: 21 Jul 2000 Last Revised: 05 Aug 2021
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 254 (153,850)
Citation 47

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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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Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

Number of pages: 38 Posted: 21 Jul 2000 Last Revised: 09 Aug 2021
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 221 (176,274)
Citation 121

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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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11.
Downloads 209 (186,100)
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 151 (247,498)
Citation 1

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

Macroeconomic Modeling for Monetary Policy Evaluation

Number of pages: 51 Posted: 24 Oct 2007 Last Revised: 04 Jul 2021
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 58 (461,350)
Citation 21

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12.
Downloads 164 (230,421)
Citation 121

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 122 (292,501)
Citation 2

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

On the Sources of the Great Moderation

Number of pages: 57 Posted: 16 Jul 2008 Last Revised: 22 Sep 2021
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 38 (552,528)
Citation 2

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On the Sources of the Great Moderation

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 4 (805,719)
Citation 16
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Great Moderation, Labour hoarding, Monetary policy rules, Structural VARs, Technology Shocks

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

Number of pages: 52 Posted: 07 Feb 2002 Last Revised: 17 Jun 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 146 (254,424)

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New Perspectives on Monetary Policy, Inflation and the Business Cycle

Number of pages: 53 Posted: 08 Mar 2002
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 17 (695,313)
Citation 5
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Nominal rigidities, monetary policy, Phillips Curve, monetary policy rules

14.

Inflation Dynamics: A Structural Econometric Analysis

Number of pages: 31 Posted: 05 May 2000 Last Revised: 21 Aug 2021
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 157 (239,153)
Citation 58

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15.
Downloads 152 (245,581)
Citation 1

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 83 (378,794)

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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 69 (421,554)
Citation 1

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

16.

European Inflation Dynamics

Number of pages: 40 Posted: 29 Mar 2001 Last Revised: 17 Jun 2021
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 147 (252,322)
Citation 11

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17.
Downloads 146 (253,722)
Citation 10

The Vanishing Procyclicality of Labor Productivity

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 143 (258,742)

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

The Vanishing Procyclicality of Labor Productivity

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 3 (814,678)
Citation 4
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effort choice, hiring frictions, labor hoarding, labor market turnover, wage rigidities

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 50 (494,201)
Citation 2

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Business cycles, countercyclical markups, welfare costs

Markups, Gaps, and the Welfare Costs of Business Fluctuations

Number of pages: 47 Posted: 01 Jun 2006 Last Revised: 08 Sep 2021
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 33 (580,781)
Citation 7

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Markups, Gaps and the Welfare Costs of Business Fluctuations

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 24 (640,998)
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Markups, Gaps and the Welfare Costs of Business Fluctuations

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 20 (671,646)
Citation 31
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Business cycles, countercyclical markups, welfare costs

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

Number of pages: 78 Posted: 10 Sep 2007 Last Revised: 12 Jul 2021
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 111 (313,050)

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

Number of pages: 79 Posted: 05 Jun 2008
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 9 (763,055)
Citation 11
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Great Moderation, Monetary policy credibility, Real wage rigidities, Sticky Prices

20.

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

Number of pages: 84 Posted: 10 Jul 2000 Last Revised: 25 Sep 2021
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 114 (305,586)
Citation 19

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21.
Downloads 111 (311,339)
Citation 58

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 76 (399,132)
Citation 32

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

Unemployment in an Estimated New Keynesian Model

Number of pages: 53 Posted: 31 May 2011 Last Revised: 06 Sep 2021
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 31 (592,802)
Citation 1

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Unemployment in an Estimated New Keynesian Model

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 4 (805,719)
Citation 8
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Nominal rigidities, output gap, Phillips curve, unemployment fluctuations, wage markup shocks

22.
Downloads 102 (329,711)
Citation 194

Fiscal Policy and Monetary Integration in Europe

Number of pages: 45 Posted: 15 Jun 2003 Last Revised: 16 Sep 2021
Jordi Galí and Roberto Perotti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 75 (402,152)
Citation 11

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Fiscal Policy and Monetary Integration in Europe

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 27 (619,181)
Citation 17
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Stabilization policy, counter-cyclical fiscal policy, European monetary integration, fiscal rules

A Simple Framework for International Monetary Policy Analysis

Number of pages: 35 Posted: 04 Apr 2002 Last Revised: 27 Sep 2021
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 68 (424,949)
Citation 2

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A Simple Framework for International Monetary Policy Analysis

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 28 (612,360)
Citation 27
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International monetary policy, Nash equilibrium, co-operation, marginal cost

24.

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 91 (354,648)

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monetary union, sticky prices, countercyclical policy, inflation differentials

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 50 (494,201)

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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

Number of pages: 45 Posted: 14 Mar 2005 Last Revised: 01 Dec 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 24 (640,998)

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

Number of pages: 46 Posted: 14 Jun 2005
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 17 (695,313)
Citation 1
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Real business cycles, technology shocks, non-stationary hours

26.

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

Number of pages: 54 Posted: 28 Oct 1996 Last Revised: 21 Aug 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 90 (357,139)
Citation 55

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27.

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

Number of pages: 14 Posted: 17 Nov 2001 Last Revised: 04 Jan 2021
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 85 (369,999)
Citation 9

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28.
Downloads 80 (383,545)
Citation 34

Monetary Policy and Unemployment

Number of pages: 83 Posted: 05 Apr 2010 Last Revised: 14 Nov 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 77 (396,147)

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Monetary Policy and Unemployment

Number of pages: 93 Posted: 12 Apr 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 3 (814,678)
Citation 5
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labor market frictions, nominal rigidities, wage rigidities

29.

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

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 79 (386,325)
Citation 4

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

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

Number of pages: 38 Posted: 19 Mar 2014 Last Revised: 07 Aug 2021
Jordi Galí and Luca Gambetti
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Universitat Autonoma de Barcelona
Downloads 74 (405,318)
Citation 10

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

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
Downloads 1 (838,703)
Citation 6
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asset price booms, financial stability, inflation targeting, leaning against the wind policies

31.

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 73 (403,926)

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Price setting practices, macro modellling

32.
Downloads 54 (469,644)
Citation 115

Optimal Monetary and Fiscal Policy in a Currency Union

Number of pages: 40 Posted: 19 Feb 2006 Last Revised: 15 Oct 2021
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 34 (574,888)
Citation 7

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Optimal Monetary and Fiscal Policy in a Currency Union

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 20 (671,646)
Citation 27
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Monetary union, sticky prices, countercyclical policy, inflation differentials

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

Number of pages: 40 Posted: 26 May 2011 Last Revised: 25 Nov 2021
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 33 (580,781)
Citation 4

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

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 20 (671,646)
Citation 5
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Taylor principle, interest rate rules, sticky prices, rule-of-thumb consumers

34.

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

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 43 (516,431)

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

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 27 (619,181)

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

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 16 (703,477)
Citation 4
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Optimal monetary policy, monetary targeting, Taylor Rule, Fed behaviour

36.
Downloads 40 (530,663)
Citation 6

Are Central Banks&Apos; Projections Meaningful?

Number of pages: 30 Posted: 27 Sep 2010 Last Revised: 09 Oct 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 33 (580,781)

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Are Central Banks' Projections Meaningful?

Number of pages: 32 Posted: 22 Nov 2010
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 7 (780,292)
Citation 1
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conditinal forecats, constant interest rate projections, inflation targeting, interest rate path, interest rate rules, multiple equilibria

37.

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

Number of pages: 42 Posted: 21 Mar 2008 Last Revised: 23 Jun 2021
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 39 (535,571)
Citation 51

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38.

Robustness of the Estimates of the Hybrid New Keynesian Phillips Curve

Number of pages: 16 Posted: 24 Feb 2006 Last Revised: 18 Sep 2021
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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Citation 2

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39.
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Citation 24

Slow Recoveries: A Structural Interpretation

Number of pages: 39 Posted: 19 May 2012 Last Revised: 02 Dec 2021
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 (605,630)
Citation 7

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Slow Recoveries: A Structural Interpretation

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 19
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estimated DSGE models, Jobless recoveries, Okun's law, U.S. business cycle

40.
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Citation 84

The Return of the Wage Phillips Curve

Number of pages: 48 Posted: 22 Feb 2010 Last Revised: 24 Jul 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 32 (586,715)
Citation 7

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The Return of the Wage Phillips Curve

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 26
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New Keynesian model, staggered nominal wage setting, unemployment fluctuations

41.

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 35 (556,086)
Citation 7

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

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 23 (648,498)
Citation 1

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inflation target, effective lower bound

The Optimal Inflation Target and the Natural Rate of Interest

Number of pages: 61 Posted: 21 Feb 2018 Last Revised: 23 Jun 2021
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 4

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The Optimal Inflation Target and the Natural Rate of Interest

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 5
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effective lower bound, inflation target

43.

Non-Walrasian Unemployment Fluctuations

Number of pages: 57 Posted: 20 Jul 2000 Last Revised: 02 Aug 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 30 (583,785)

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The State of New Keynesian Economics: A Partial Assessment

Number of pages: 31 Posted: 01 Aug 2018 Last Revised: 21 Nov 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 28 (612,360)
Citation 5

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The State of New Keynesian Economics: A Partial Assessment

Number of pages: 33 Posted: 06 Aug 2018
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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45.
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Citation 81

Monetary Policy and Rational Asset Price Bubbles

Number of pages: 54 Posted: 16 Feb 2013 Last Revised: 21 Nov 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 25 (633,546)
Citation 15

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Monetary Policy and Rational Asset Price Bubbles

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 23
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Asset price volatility, Leaning against the wind policies, Monetary policy rules, Stabilization policies

46.

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

Number of pages: 46 Posted: 11 Jun 2000 Last Revised: 16 Sep 2021
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 28 (595,941)
Citation 1

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Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment

Number of pages: 39 Posted: 22 Dec 2012 Last Revised: 19 Jun 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 18 (687,408)
Citation 6

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Notes for a New Guide to Keynes (I): Wages, Aggregate Demand, and Employment

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 5
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employment stability, Monetary policy rules, Wage flexibility

48.

Hysteresis and the European Unemployment Problem Revisited

Number of pages: 51 Posted: 03 Aug 2015 Last Revised: 23 Jul 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 23 (629,064)

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Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

Number of pages: 38 Posted: 08 Aug 2016 Last Revised: 04 Dec 2020
Jordi Galí and Tommaso Monacelli
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI) and Bocconi University - Department of Economics
Downloads 21 (663,891)
Citation 5

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Understanding the Gains from Wage Flexibility: The Exchange Rate Connection

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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Citation 11
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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

50.

Patterns of Convergence and Divergence in the Euro Area

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
Downloads 22 (636,128)
Citation 4

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51.

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

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 47
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Real business cycles, technology shocks, nominal rigidities, real frictions

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

Number of pages: 34 Posted: 23 Jan 2019 Last Revised: 12 Aug 2021
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

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 7
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53.
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Citation 20

The Effects of a Money-Financed Fiscal Stimulus

Number of pages: 33 Posted: 09 Sep 2019 Last Revised: 22 Sep 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 17 (695,313)
Citation 7

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The Effects of a Money-Financed Fiscal Stimulus

Number of pages: 50 Posted: 30 Sep 2014
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 7
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fiscal multiplier, government spending, seignorage

On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint

Number of pages: 45 Posted: 13 May 2019 Last Revised: 19 Sep 2021
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
Downloads 15 (711,723)
Citation 17

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On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint

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 9
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liquidity trap, regime changes, time-varying structural vector-autoregressive models, unconventional monetary policies

Should the ECB Adjust its Strategy in the Face of a Lower R*?

Banque de France Working Paper No. 811
Number of pages: 40 Posted: 01 Jun 2021
affiliation not provided to SSRN, Banque de France - Centre de Recherche, Banque de France, Federal Reserve Banks - Federal Reserve Bank of Boston and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Inflation Target; Effective Lower Bound; Monetary Policy Strategy; Euro Area

Should the ECB Adjust its Strategy in the Face of a Lower R*?

Number of pages: 36 Posted: 14 May 2021
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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56.

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

Number of pages: 44 Posted: 11 Jun 2008
National Bureau of Economic Research (NBER)Peter G. Peterson Institute for International Economics and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 3
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Labour market frictions, New Keynesian Model, real wage rigidities, search model, sticky prices, unemployment

Uncovered Interest Parity, Forward Guidance, and the Exchange Rate

Number of pages: 37 Posted: 02 Mar 2020 Last Revised: 19 Nov 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Uncovered Interest Parity, Forward Guidance and the Exchange Rate

Number of pages: 39 Posted: 16 Jun 2020
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 2
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forward guidance puzzle, open economy New Keynesian model, unconventional monetary policies, uncovered interest rate parity

Insider-Outsider Labor Markets, Hysteresis and Monetary Policy

Number of pages: 53 Posted: 22 Jun 2020 Last Revised: 18 Nov 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Insider-Outsider Labor Markets, Hysteresis and Monetary Policy

Number of pages: 55 Posted: 16 Jun 2020
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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monetary policy tradeoffs, New Keynesian Model, Unemployment fluctuations, Wage Phillips Curve, Wage stickiness

Gains from Wage Flexibility and the Zero Lower Bound

Number of pages: 33 Posted: 22 Jun 2020 Last Revised: 18 Nov 2021
Roberto M. Billi and Jordi Galí
Sveriges Riksbank and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Gains from Wage Flexibility and the Zero Lower Bound

Number of pages: 35 Posted: 16 Jun 2020
Roberto M. Billi and Jordi Galí
Sveriges Riksbank and Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Citation 3
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labor-market flexibility, nominal rigidities, optimal monetary policy with commitment, Taylor rule, ZLB constraint

60.

Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations

Number of pages: 55 Posted: 02 Mar 2020 Last Revised: 19 Nov 2021
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
Downloads 3 (781,008)
Citation 1

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61.

Patterns of Convergence and Divergence in the Euro Area

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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Citation 1
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competitiveness, current account imbalances, inflation differentials, labor markets, macroeconomic convergence, relative prices

62.

Monetary Policy and Bubbles in New Keynesian Model with Overlapping Generations

Number of pages: 57 Posted: 16 Jun 2020
Jordi Galí
Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI)
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Asset Price Volatility, Economic Fluctuations, monetary policy rules, Stabilization policies