The State of New Keynesian Economics: A Partial Assessment

Jordi Galí

No 24845, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: I provide an overview of recent developments in monetary economics, with an emphasis on extensions of the New Keynesian framework that assume a zero lower bound on the short term nominal rate, as well as models with household heterogeneity.

JEL-codes: E32 E52 (search for similar items in EconPapers)
Date: 2018-07
New Economics Papers: this item is included in nep-cba, nep-hpe and nep-mac
Note: EFG ME
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Citations: View citations in EconPapers (26)

Published as Jordi Galí, 2018. "The State of New Keynesian Economics: A Partial Assessment," Journal of Economic Perspectives, vol 32(3), pages 87-112.

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Journal Article: The State of New Keynesian Economics: A Partial Assessment (2018)
Working Paper: The State of New Keynesian Economics: A Partial Assessment (2018)
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