What is Jordi Galí known for in economics?
I am primarily known for my work in advancing New Keynesian macroeconomics. A significant contribution is the development and analysis of the New Keynesian Phillips curve, which links inflation to expected future inflation and the output gap. My research, often in collaboration with others like Mark Gertler, has focused on building rigorous microfoundations for business cycle fluctuations and inflation dynamics. This involves incorporating nominal rigidities, such as sticky prices and wages, into dynamic general equilibrium models.
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