简介
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.N. Gregory Mankiw is Professor of Economics at Harvard University. David Romer is Associate Professor of Economics at the University of California at Berkeley.Contributors: George 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.
目录
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.
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.
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.
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