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New Keynesian Economics - MIT Press Readings in Economics

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Pioneering essays on micro-founded macroeconomics.

If you're keen on economics and want to delve deep into how microeconomic models inform macroeconomic phenomena, "New Keynesian Economics" offers rigorous academic discussions grounded in the Keynesian framework. Perfect for those who appreciate analytical depth, this collection will enrich your understanding of economic behaviors and market dynamics in a nuanced way.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
New

New Keynesian Economics - MIT Press Readings in Economics

Regular price $26.90
Unit price
per
Compare to estimated retail price: S$81.35  
ISBN: 9780262631334
Publisher: MIT Press
Date of Publication: 1991-04-24
Format: Paperback
Related Collections: Economics
Related Topics: Finance, Money, Society, Sociology
Goodreads rating: 3.77
(rated by 13 readers)

Description

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.
Condition guide
 

Pioneering essays on micro-founded macroeconomics.

If you're keen on economics and want to delve deep into how microeconomic models inform macroeconomic phenomena, "New Keynesian Economics" offers rigorous academic discussions grounded in the Keynesian framework. Perfect for those who appreciate analytical depth, this collection will enrich your understanding of economic behaviors and market dynamics in a nuanced way.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.