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New Keynesian economics

Author: N Gregory Mankiw; David Romer
Publisher: Cambridge, Mass. : MIT Press, ©1991.
Series: MIT Press readings in economics.
Edition/Format:   Print book : EnglishView all editions and formats
Publication:OKS Print
Summary:

These two volumes bring together a set of important essays that represent a "new Keynesian" perspective in economics today.

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Document Type: Book
All Authors / Contributors: N Gregory Mankiw; David Romer
ISBN: 0262631334 9780262631334 0262132664 9780262132664 0262631342 9780262631341 0262132672 9780262132671
OCLC Number: 21759251
Description: 2 volumes : illustrations ; 23 cm.
Contents: v. 1. Imperfect competition and sticky prices: Small menu costs and large business cycles : a macroeconomic model of monopoly / N. Gregory Mankiw. A near-rational model of the business cycle, with wage and price inertia / George A. Akerlof and Janet L. Yellen. Real rigidities and the nonneurality of money / Laurence Ball and David Romer. Menu costs and the neutrality of money / Andrew S. Caplin and Daniel F. Spulber. The rigidity of prices / Dennis W. Carlton. The new Keynesian economics and the output-inflation trade-off / Laurence Ball, N. Gregory Mankiw, and David Romer. Long-term contracts, rational expectations, and the optimal money supply rule / Stanley Fischer. Staggered wage setting in a macro model / John Taylor. Price asynchronization and price-level inertia / Olivier J. Blanchard. Will wage setters ever stagger decisions? / Gary Fethke and Andrew Policano. Imperfect information and staggered price setting / Laurence Ball and Stephen G. Cecchetti. A model of imperfect competition with Keynesian features / Oliver Hart. Monopolistic competition and the effects of aggregate demand / Olivier Jean Blanchard and Nobuhiro Kiyotaki. Imperfect competition and the Keynesian cross / N. Gregory Mankiw. Market structure and macroeconomic fluctuations / Robert E. Hall --
v. 2. Coordination failures and real rigidities: Coordinating coordination failures in Keynesian models / Russell Cooper and Andrew John. A simple rational-expectations Keynes-type model / John Bryant. Aggregate-demand management in search equilibrium / Peter A. Diamond. Implementation cycles / Andrei Shleifer. Self-fulfilling expectations and fluctuations in aggregate demand / Michael Woodford. Efficiency-wage models of unemployment / Janet L. Yellen. Equilibrium unemployment as a worker-discipline device / Carl Shapiro and Joseph E. Stiglitz. Efficiency wages and the interindustry wage structure / Alan B. Krueger and Lawrence H. Summers. Implicit contracts and fixed-price equilibria / Costas Azariadis and Joseph E. Stiglitz. Wage bargaining and employment / Ian M. McDonald and Robert M. Solow. Hysteresis in unemployment / Olivier J. Blanchard and Lawrence H. Summers. Credit rationing in markets with imperfect information / Joseph E. Stiglitz and Andrew Weiss. The allocation of credit and financial collapse / N. Gregory Mankiw. Nonmonetary effects of the financial crisis in the propagation of the Great Depression / Ben S. Bernanke. Credit, money, and aggregate demand / Ben S. Bernanke and Alan S. Blinder. Inflation : its mechanics and welfare costs / Arthur M. Okun. Price rigidities and market structure / Joseph E. Stiglitz. A supergame-theoretic model of price wars during booms / Julio J. Rotemberg and Garth Saloner. The cyclic behavior of marginal cost and price / Marc Bils.
Series Title: MIT Press readings in economics.
Responsibility: edited by N. Gregory Mankiw and David Romer.

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