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New Keynesian Economics - Vol. 2: Coordination Failures and Real Rigidities

Editor

Listed:
  • N. Gregory Mankiw
    (Harvard University)

  • David Romer
    (University of California, Berkeley)

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.

Suggested Citation

  • N. Gregory Mankiw & David Romer (ed.), 1991. "New Keynesian Economics - Vol. 2: Coordination Failures and Real Rigidities," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262631342, December.
    • Handle: RePEc:mtp:titles:0262631342
    as

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    More about this item

    Keywords

    new Keynesian economics; microeconomic models;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • D0 - Microeconomics - - General

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