Monetary Policy and Unemployment

NBER Working Paper No. 15871

Issued in April 2010

NBER Program(s):Economic Fluctuations and Growth, Monetary Economics



Much recent research has focused on the development and analysis of extensions of the New Keynesian framework that model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and properties of those models, and their implications for monetary policy.

Supplementary materials for this paper:



Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w15871

Published: “Monetary Policy and Unemployment,” in B. Friedman and M. Woodford ( eds.) Handbook of Monetary Economics , vol. 3A, Elsevier B.V., 2011, 487 - 546.

Users who downloaded this paper also downloaded* these: