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New Keynesian Economics - Vol. 1: Imperfect Competition and Sticky Prices

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  • N. Gregory Mankiw
    () (Harvard University)
  • David Romer
    () (University of California, Berkeley)

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Abstract

These two volumes bring together a set of important essays that represent a "new Keynesian" perspective in economics today. This recent work shows how the Keynesian approach to economic fluctuations can be supported by rigorous microeconomic models of economic behavior. The essays are grouped in seven parts that cover costly price adjustment, staggering of wages and prices, imperfect competition, coordination failures, and the markets for labor, credit, and goods. An overall introduction, brief introductions to each of the parts, and a bibliography of additional papers in the field round out this valuable collection.

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Bibliographic Info

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This book is provided by The MIT Press in its series MIT Press Books with number 0262631334 and published in 1991.

Volume: 1
Edition: 1
ISBN: 0-262-63133-4
Handle: RePEc:mtp:titles:0262631334

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Web page: http://mitpress.mit.edu

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Keywords: new Keynesian economics; microeconomic models;

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