Home
→
Browsing by Author

Browsing by Author "Galí, Jordi, 1961-"

Now showing items 1-20 of 64

Constant interest rate projections without the curse of indeterminacy

Galí, Jordi, 1961- (2007-08-01)

Constant interest rate (CIR) projections are often criticized on the grounds that they are inconsistent with the existence of a unique equilibrium in a variety of forward-looking models. This note shows how to construct ...
Endogenous growth and poverty traps in a Cournotian model

Galí, Jordi, 1961-; Zilibotti, Fabrizio (1993-11-01)
Expectations-driven spatial fluctuations

Galí, Jordi, 1961- (1994-01-01)

<html> <head> <style> body {background-color:#C8102E} h1 {color:white} h2 {color:white} div.text { color: white; float: left; width: 90%; margin-top: 2%; margin-left: 3%; padding: 2%; padding-top: ...
Gains from wage flexibility and the zero lower bound

Billi, Roberto M.; Galí, Jordi, 1961- (2018-12-01)

We analyze the welfare impact of greater wage flexibility while taking into account explicitly the existence of the zero lower bound (ZLB) constraint on the nominal interest rate. We show that the ZLB constraint generally ...
Gains from wage flexibility and the zero lower bound

Billi, Roberto M.; Galí, Jordi, 1961- (Wiley, 2020)

We analyse the welfare impact of greater wage flexibility in the presence of an occasionally binding zero lower bound (ZLB) constraint on the nominal interest rate.We show that the ZLB constraint generally amplifies the ...
Has the U.S. wage Phillips curve flattened? : a semi-structural exploration

Galí, Jordi, 1961-; Gambetti, Luca (2020)

The deep and prolonged recession triggered by the global financial crisis of 2007–2009 led to a large increase in the unemployment rate in most advanced economies. Ten years later, at the time of writing this paper, the ...
Has the U.S. wage Phillips curve flattened? A semi-structural exploration

Galí, Jordi, 1961-; Gambetti, Luca (Banco Central de Chile, 2020)

The deep and prolonged recession triggered by the global financial crisis of 2007–2009 led to a large increase in the unemployment rate in most advanced economies. Ten years later, at the time of writing this paper, the ...
Heterogeneity and aggregate fluctuations: insights from TANK models

Debortoli, Davide; Galí, Jordi, 1961- (2024-03)

We analyze the merits and limitations of simple tractable New Keynesian models (RANK and TANK) in accounting for the aggregate predictions of Heterogenous Agent New Keynesian models (HANK). By means of comparison of a ...
Hysteresis and the European unemployment problem revisited

Galí, Jordi, 1961- (2015-06-01)

The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this nonstationarity ...
Idiosyncratic income risk and aggregate fluctuations

Debortoli, Davide; Galí, Jordi, 1961- (2023-07)

We study the role of idiosyncratic income risk for aggregate fluctuations within a simple heterogeneous households framework. We show that the presence of idiosyncratic income shocks affects the economy’s response to an ...
Inflation dynamics: A structural econometric analysis

Galí, Jordi, 1961-; Gertler, Mark (1998-08-01)
Insider-outsider labor markets, hysteresis and monetary policy

Galí, Jordi, 1961- (2016-01-01)

I develop a version of the New Keynesian model with insider- outsider labor markets and hysteresis that can account for the high persistence of European unemployment. I study the implications of that environment for the ...
Labor markets and monetary policy: A new-Keynesian model with unemployement

Blanchard, Olivier; Galí, Jordi, 1961- (2006-03-01)
Local externalities, convex adjustment costs and sunspot equilibria

Galí, Jordi, 1961- (1993-09-01)
Macroeconomic modeling for monetary policy evaluation

Galí, Jordi, 1961-; Gertler, Mark (2007-06-01)
Markups, gaps and the welfare costs of business fluctuations

Galí, Jordi, 1961-; Gertler, Mark; López-Salido, J. David (2005-05-01)
Modern perspectives on stabilization policies

Galí, Jordi, 1961- (2004-10-01)

The present paper describes recent research on two central themes of Keynes General Theory: (i) the social waste associated with recessions, and (ii) the effectiveness of fiscal policy as a stabilization tool. The paper ...
Monetary policy and asset price bubbles: a laboratory experiment

Galí, Jordi, 1961-; Giusti, Giovanni, 1984-; Noussair, Charles (Elsevier, 2021)

Leaning-against the-wind (LAW) policies, whereby interest rates are raised in the face of a growing asset price bubble, are often advocated as a means of dampening such bubbles. On the other hand, there are theoretical ...
Monetary policy and bubbles in a new Keynesian model with overlapping generations

Galí, Jordi, 1961- (2016-12-01)

I develop an extension of the New Keynesian model that features overlapping generations of finitely-lived agents. In contrast with the standard model, the proposed framework allows for the existence of rational expectations ...
Monetary policy and bubbles in a new keynesian model with overlapping generations

Galí, Jordi, 1961- (American Economic Association, 2021)

I analyze an extension of the New Keynesian model that features overlapping generations of finitely lived agents and (stochastic) transitions to inactivity. In contrast with the standard model, the proposed framework ...

Now showing items 1-20 of 64

Search DSpace

Advanced Search

Browse

All of DSpace

My Account

In collaboration with Compliant to Partaking

Browsing by Author "Galí, Jordi, 1961-"

Browsing by Author "Galí, Jordi, 1961-"

Search DSpace

Browse

All of DSpace

My Account