Unemployment in an Estimated New Keynesian Model
Chapter in NBER book NBER Macroeconomics Annual 2011, Volume 26 (2012), Daron Acemoglu and Michael Woodford, editors (p. 329 - 360)
---- Acknowledgements -----
We have benefited from comments by Larry Christiano, Marco del Negro, Keith Kuester, Richard Rogerson, Carlos Thomas, and participants at the NBER Summer Institute, SED Conference (Montréal), Banque de France, Harvard, EUI (Florence), Bank of Cyprus, CREI-UPF, ECB, Leuven, Insead, PSE, Carlos III and IMF. Galí acknowledges the financial support from the European Research Council through an Advanced Grant (Project Reference #229650).