Prepared for the FRB/JMCB conference on “Quantitative Evidence on Price Determination,” Washington, D.C., September 29–30, 2005. We have benefited from comments at various seminars and conferences, including CREI-UPF, Bank of England, MIT, LBS-MAPMU Conference, University of Oslo, NBER Summer Institute, Federal Reserve Board, New York Fed, Boston Fed, NYU, Princeton, Boston University, Harvard, and Boston College. We thank Marios Angeletos, Ray Fair, Jeff Fuhrer, Andy Levin, Greg Mankiw, Michael Woodford, our discussants Bob Hall and Julio Rotemberg, two anonmous referees, and the editor Ken West for useful comments. We are also grateful to Anton Nakov for excellent research assistance. We thank CREA-Barcelona Economics, MCyT Grant (SEJ 2005-01124), and the NSF, for financial help.
Real Wage Rigidities and the New Keynesian Model
Version of Record online: 18 JAN 2007
Journal of Money, Credit and Banking
Volume 39, Issue Supplement s1, pages 35–65, February 2007
How to Cite
BLANCHARD, O. and GALÍ, J. (2007), Real Wage Rigidities and the New Keynesian Model. Journal of Money, Credit and Banking, 39: 35–65. doi: 10.1111/j.1538-4616.2007.00015.x
- Issue online: 18 JAN 2007
- Version of Record online: 18 JAN 2007
- Received November 2, 2005; and accepted in revised form May 4, 2006.
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