Jordi Galí

Working Papers

The Return of the Wage Phillips Curve
June 2009

Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment (with O. Blanchard)
Forthcoming in American Economic Journal - Macroeconomics
May 2009 (First Draft: March 2006)

The New Keynesian Approach to Monetary Policy Analysis: Lessons and New Directions
March 2009 (First draft: February 2008)

Discussion of Laurence Ball's "Hysteresis in Unemployment"
January 2009

The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s? (with O. Blanchard)
October 2008 (First Draft: May 2007)

Are Central Banks' Projections Meaningful?
May 2008 (First Draft: March 2008)

Comment on Fischer, Lenza, Pill and Reichlin's "Money and Monetary Policy: the ECB experience 1999-2006"
January 2007

Comment on Dewachter and Lyrio's "Learning, Macroeconomic Dynamics, and the Term Structure of Interest Rates"
August 2006

Comment on Davig and Leeper's "Fluctuating Macro Policies and the Fiscal Theory"
July 2006

Non-Walrasian Unemployment Fluctuations
November 1995

Long Run Effects of Business Cycles (with M.L. Hammour)
June 1993 (First Draft: April 1991)