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The New Keynesian Macroeconomics - Corrado Benassi

Hardcover Published: 1st February 2002
ISBN: 9780631184850
Number Of Pages: 476

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This text offers a comprehensive presentation of the new Keynesian research programme. It covers such topics as fixprice models, real and nominal price rigidities, and coordination failures - the study of which is organized around a few basic principles, which allows a systematic view of a very large and varied literature. The important recent work which derives Keynesian results by looking at imperfections in the labour, credit and commodity markets, is analyzed. The Keynesian literature developed in the 80s on macroeconomic externalities and hysteresis is also considered. "The New Keynesian Economics" is designed as a textbook or teaching complement for graduate (or advanced undergraduate) macroeconomics taught although some parts (such as Part I, on real rigidities) may be of interest to students specializing in microeconomics. Professional economists should find it helpful both as a reference book and as a reader's guide to make their own way through the literature.

List of Figures
Preface
From Keynesian to New Keynesian Economicsp. 3
Keynesian Microfoundations in Historical Perspectivep. 26
The Labour Market and Real Wage Rigidityp. 71
Credit Rationing and Imperfect Capital Marketsp. 126
Real Rigidities in the Goods Marketp. 176
Rational Models of Irrational Behaviourp. 232
Price Setting with Adjustment Costsp. 259
Real and Nominal Rigidities: Further Issuesp. 315
Co-ordination Failuresp. 346
Hysteresisp. 387
Conclusionsp. 421
Referencesp. 428
Indexp. 449
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780631184850
ISBN-10: 0631184856
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 476
Published: 1st February 2002
Country of Publication: GB
Dimensions (cm): 23.69 x 16.3  x 3.05
Weight (kg): 0.8
Edition Number: 1

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