NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The State of New Keynesian Economics: A Partial Assessment

Jordi Galí

NBER Working Paper No. 24845
Issued in July 2018

---- Acknowledgments ----

I am grateful for comments to Klaus Adam, Adrien Auclert, Davide Debortoli, Mark Gertler, Gordon Hanson, Greg Kaplan, Stephanie Schmitt-Grohé, and Tim Taylor. Christian Höynck and Cristina Manea provided excellent research assistance. I have benefited from the financial support of the Generalitat de Catalunya (AGAUR Grant 2017SGR1393) and the Ministerio de Economía, Industria y Competitividad (Grant ECO2017-87827). The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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