Jordi Gali

Picture of Jordi Gali

Date of Birth: 04/01/1961

Age: 55

Place of birth: Barcelona

Citizenship: Spain


Doctorate in economics Ghali received at the Massachusetts Institute of Technology (MIT) in 1989 under the mentorship of Olivier Blanchard (Olivier Blanchard).

After Ghali worked at Columbia University (Columbia University) and the University of New York (New York University).

Currently Gali - Director of the Center for International Economics Research (Centre de Recerca en Economia Internacional, CREI) at the University of Universitat Pompeu Fabra.

Moreover, Gali is a professor at the Higher School of Economics (BarcelonaGraduate School of Economics) in Barcelona.

Ghali is known for his research in the field of economic cycles and the optimization of monetary policy.

Together with economists Richard Clarida (Richard Clarida) and Mark Gertler (Mark Gertler) Gali studied monetary policy in many countries, on the basis of which it was concluded that, in contrast to the 1970s, credit policy in many countries today resembles the Taylor rule ( Taylor rule).

Another theme is the theme of Gali bank interest rates. Gali and Gertler svoirezultaty resulted in an article of 1999. Used as an estimate of expected inflation a lag of inflation of the previous period (from 1960 to 1997-th year), they offered a theory explaining the Phillips curve, which is the subject of economic debate for a long time.

Jordi Gali, perhaps one of the most famous economists of today in the field of research and interpretation of the New Keynesian macroeconomic model (New Keynesian macroeconomic models).

In 2008, Princeton University (Princeton University Press) published a monograph titled Gali `Monetary Policy, Inflation, and the Business Cycle`. The book provides an introduction to the New Keynesian model, as well as the analysis of the implications of these models for monetary policy. The work is intended to macroeconomic graduate courses.

In 2005, Gali was awarded `Yrj & # 246; Jahnsson Award` of the European Economic Association (European Economic Association). This award Ghali shared with Timothy Besley (Timothy Besley), a representative of the London School of Economics (London School of Economics).

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