Research Video: New Keynesian insights on wages, aggregate demand and unemployment

<ol class='my-0'><li class="mt-0 pl-0 mb-3 text-base lg:text-lg"><a href="#simulations-show-that-the-impact-of-wages-on-unemployment-is-indirect" class="text-no-underline">Simulations show that the impact of wages on unemployment is indirect</a></li><li class="mt-0 pl-0 mb-3 text-base lg:text-lg"><a href="#the-open-economy,-central-bank-constraints,-and-household-consumption-aspects-for-future-research" class="text-no-underline">The open economy, central bank constraints, and household consumption: aspects for future research</a></li><li class="mt-0 pl-0 mb-3 text-base lg:text-lg"><a href="#analysis-using-modern-tools-illustrates-micro-versus-macro-benefits-of-wage-flexibility" class="text-no-underline">Analysis using modern tools illustrates micro versus macro benefits of wage flexibility</a></li><li class="mt-0 pl-0 mb-3 text-base lg:text-lg"><a href="#about-jordi-gali" class="text-no-underline">About Jordi Galí</a></li><li class="mt-0 pl-0 mb-3 text-base lg:text-lg"><a href="#related-research-by-jordi-gali" class="text-no-underline">Related research by Jordi Galí</a></li></ol>