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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 ...

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New Keynesian Economics, Volume 1: Imperfect Competition and Sticky Prices 1991, MIT Press, Cambridge

ISBN-13: 9780262631334

Trade paperback

New Keynesian Economics, Volume 1: Imperfect Competition and Sticky Prices 1991, MIT Press, Cambridge

ISBN-13: 9780262132664

Hardcover