Jordi Galí

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Jordi Galí
Yrjö Jahnsson Award (2005)
Information at IDEAS / RePEc

Jordi Galí (born January 4, 1961) is a Spanish

Barcelona Graduate School of Economics. After obtaining his doctorate from MIT in 1989 under the supervision of Olivier Blanchard,[1] he held faculty positions at Columbia University and New York University
before moving to Barcelona.

Research contributions

Galí's research centers on the causes of

Mark Gertler suggest that monetary policy in many countries today resembles the Taylor rule, whereas the policy makers of the 1970s failed to follow the Taylor rule.[2][3]

Another theme of Galí's research is how central banks should set interest rates. In some of the simplest

frictional unemployment) imply a tradeoff between stabilizing inflation and stabilizing the output gap.[6]

Galí is perhaps best known for providing

New Keynesian models.[7] However, the statistical methods ('structural vector autoregressions') on which this finding is based remain controversial.[8][9][10][11]

Galí is the most cited author of Journal of Monetary Economics and European Economic Review.[12]

Books

In 2008,

DSGE models, and analyzes the implications of those models for monetary policy
. It is written at a level intended for introductory graduate courses in macroeconomics. A second edition was published in 2015.

Awards

In 2005, Galí received the

See also

  • Barcelona Graduate School of Economics

References

  1. ^ a b Galí, Jordi (1994), 'Keeping up with the Joneses: consumption externalities, portfolio choice, and asset prices'. Journal of Money, Credit, and Banking 26 (1), pp. 1–8.
  2. ^ Clarida, Richard; Mark Gertler; and Jordi Galí (2000), 'Monetary policy rules and macroeconomic stability: theory and some evidence.' Quarterly Journal of Economics 115. pp. 147–180.
  3. ^ Clarida, Richard; Mark Gertler; and Jordi Galí (1998), 'Monetary policy rules in practice: some international evidence.' European Economic Review 42 (6), pp. 1033–67.
  4. ^ Goodfriend, Marvin, and Robert G. King (1997), 'The New Neoclassical Synthesis and the role of monetary policy'. NBER Macroeconomics Annual 12 (1).
  5. ^ Comments by N. Gregory Mankiw on the 'divine coincidence'.
  6. ^ Blanchard, Olivier, and Jordi Galí (2007), 'Real wage rigidities and the New Keynesian model'. Journal of Money, Credit, and Banking 39 (supplement 1), pp. 35–65.
  7. ^ Galí, Jordi (1999), 'Technology, employment, and the business cycle: Do technology shocks explain aggregate fluctuations?' American Economic Review 89 (1), pp. 249–71.
  8. ^ Thomas F. Cooley and Mark Dwyer (1998), 'Business Cycle Analysis Without Much Theory: A Look at Structural VARs'. Journal of Econometrics 83, pp. 57–88.
  9. ^ Jon Faust and Eric M. Leeper (1997), 'When Do Long-Run Identifying Restrictions Give Reliable Results?' Journal of Business and Economic Statistics 15 (3), pp. 345–53.
  10. ^ V.V. Chari, Patrick J. Kehoe, and Ellen McGrattan (2007), Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory? Federal Reserve Bank of Minneapolis Staff Report #364.
  11. ^ Lawrence, Christiano, Martin Eichenbaum and Robert Vigfusson, `Assessing Structural VARs’, NBER Macroeconomics Annual 2006, Volume 21. Daron Acemoglu, Kenneth Rogoff and Michael Woodford,Editors
  12. ^ "Jordi Galí citations". exaly.com. Retrieved 2022-05-22.
  13. ^ "Fellows | EEA". www.eeassoc.org. Retrieved 2021-03-22.
  14. ^ "Thomson-Reuters list of 'citation laureates' in economics". Archived from the original on 2011-12-02. Retrieved 2011-09-29.

External links