The State of New Keynesian Economics: A Partial Assessment

Galí, Jordi
Authors registered in the RePEc Author Service: Jordi Galí

No 13095, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: I take stock of the state of New Keynesian economics by reviewing some of its main insights and by providing an overview of some recent developments. In particular, I discuss some recent work on two very active research programs: the implications of the zero lower bound on nominal interest rates and the interaction of monetary policy and household heterogeneity. Finally, I discuss what I view as some of the main shortcomings of the New Keynesian model and possible areas for future research.

Date: 2018-07
New Economics Papers: this item is included in nep-cba, nep-dge and nep-hpe
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Citations: View citations in EconPapers (31)

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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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