New Keynesian Economics: Coordination Failures and Real Rigidities

Paperback | April 24, 1991

EditorN. Gregory Mankiw, David Romer

not yet rated|write a review

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.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.Contributors: George 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.

Pricing and Purchase Info

$58.35 online
$58.50 list price
In stock online
Ships free on orders over $25

From the Publisher

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 adju...

N. Gregory Mankiw is Professor of Economics at Harvard University.David Romer is Herman Royer Professor of Political Economy at the University of California, Berkeley, and author of Advanced Macroeconomics.

other books by N. Gregory Mankiw

Principles Of Microeconomics
Principles Of Microeconomics

Paperback|Oct 7 2013

$136.45 online$142.95list price
Principles Of Macroeconomics
Principles Of Macroeconomics

Paperback|Oct 2 2013

$129.94 online$142.95list price(save 9%)
see all books by N. Gregory Mankiw
Format:PaperbackDimensions:464 pages, 9 × 6 × 1 inPublished:April 24, 1991Publisher:The MIT Press

The following ISBNs are associated with this title:

ISBN - 10:0262631342

ISBN - 13:9780262631341

Look for similar items by category:

Customer Reviews of New Keynesian Economics: Coordination Failures and Real Rigidities

Reviews

Extra Content

Editorial Reviews

This collection is exactly what the profession needs -- an expertly chosen set of fundamental articles laying out the modern approach to macroeconomics.