New Keynesian Economics Volume 1

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.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