Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployment
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We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications for the unemployment-inflation tradeoff and for the conduct of monetary policy. We proceed in two steps. We first leave nominal rigidities aside. We show that, under a standard
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美国国家经济研究局创建时间：
2008-03-01
