A New Keynesian Model with Unemployment

By Olivier J. Blanchard, Jordi Galí. 2006

310 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/03b33240249ba56a3da83f1f76a927a31f1e0939

Citations in the corpus

• Inflation Dynamics with Search Frictions: A Structural Econometric Analysis (2008, unknown): “Pjt Pjt−1 − 1 ¶2 Yt, ( 3 ) with ψ> 0 controlling the importance of the price adjustment costs, and eπt−1 = πγt−1π1−γ; the parameter 0 <γ< 1 governs the degree of backward-lookingness of”
• Labour Market Institutions and Aggregate Fluctuations in a Search and Matching Model (2011, unknown): “An increasing number of papers, such as Blanchard and Gali (2006), Christoffel and Linzert (2005), Krause and Lubik (2007), Trigari (2005), and Walsh (2005) use the search framework to incorporate the labour market frictions into a monetary economy and find that those improve the ability of the…”
• The Ins and Outs of Cyclical Unemployment (2007, unknown): “Examples include Hall (2005a, 2005b), Gertler and Trigari (2006), Menzio and Moen (2006), Rotemberg (2006), and Blanchard and Gali (2006).”
• Optimal Monetary Policy Rules with Labor Market Frictions (2008, unknown): “Several other authors, ranging from Walsh (2003) to Blanchard and Gali’ (2006), have recently introduced matching frictions and real wage rigidity into New Keynesian models.”
• Search and matching frictions and optimal monetary policy (2008, unknown): “Log-linearizing equations (9) and (10) and combining them, I obtain the familiar New-Keynesian Phillips curve,21 t = p'̂t + Et t+1; (42)”
• A Microfounded Sectoral Model for Open Economies (2007, unknown): “For a model that introduces labor unemployment in the equilibrium integrating search and matching with NK models (by considering real frictions in the labor market), see Blanchard and Galí (2006). 9 Smets and Wouters (2003) and Christiano et al. (2005) assume that Υ(.) = Υ0(.) = 0 in the steady stat”