Unemployment in an Estimated New Keynesian Model

Jordi Galí, Frank Smets, Rafael Wouters

Chapter in NBER book NBER Macroeconomics Annual 2011, Volume 26 (2012), Daron Acemoglu and Michael Woodford, editors (p. 329 - 360)
Conference held April 8-9, 2011
Published in August 2012 by University of Chicago Press
© 2012 by the National Bureau of Economic Research
in NBER Book Series NBER Macroeconomics Annual

---- 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).

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