New Keynesian Economics
Imperfect Competition and Sticky Prices v. 1
New Keynesian Economics by N. Gregory Mankiw
Book DescriptionThese 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.Volume 1 focuses on how friction in price setting at the microeconomic level leads to nominal rigidity at the macroeconomic level, and on the macroeconomic consequences of imperfect competition, including aggregate demand externalities and multipliers. Volume 2 addresses recent research on non-Walrasian features of the labor, credit, and goods markets.N. Gregory Mankiw is Professor of Economics at Harvard University. David Romer is Associate Professor of Economics at the University of California at Berkeley. ContributorsGeorge A Akerlof. Costas Azariadis. Laurence Ball. Ben S. Bernanke. Mark Bits. Olivier J. Blanchard. Alan S. Blinder. John Bryant. Andrew S. Caplin. Dennis W. Carlton. Stephen G. Cecchetti. Russell Cooper. Peter A. Diamond. Gary Fethke. Stanley Fischer. Robert E. Hall. Oliver Hart. Andrew John. Nobuhiro Kiyotaki. Alan B. Krueger. David M. Lilien. Ian M. McDonald. N. David Mankiw. Arthur M. Okun. Andres Policano. David Romer. Julio J. Rotemberg. Garth Saloner. Carl Shapiro. Andrei Shleifer. Robert M. Solow. Daniel F. Spulber. Joseph E. Stiglitz. Lawrence H. Summers. John Taylor. Andrew Weiss. Michael Woodford. Janet L. Yellen.
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Book DetailsISBN: 9780262631334
(229mm x 152mm x 25mm)
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 5-Jun-1991
Country of Publication: United States
Books By Author N. Gregory Mankiw
Macroeconomics, Paperback (June 2015)
An exceptionally clear and concise introduction to macroeconomics.
Brookings Papers on Economic Activity: Spring 2008, Paperback (July 2008)» View all books by N. Gregory Mankiw
The Brookings Papers on Economic Activity, long one of Brookings's signature publications, has new leadership. The three incoming editors have all made outstanding contributions to economic research, economic policymaking, and the communication of economic ideas to a broad audience.
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Author Biography - N. Gregory Mankiw
David Romer is Herman Royer Professor of Political Economy at the University of California, Berkeley.
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