What is new-Keynesian economics?

1997-08-29chapterRoutledge eBooks441 citationsclosed

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Monetary Policy and Economic Impact Economic Theory and Policy Economic theories and models

Abstract

This research was supported by the National Science Foundation. I am grateful to George Williams for help with the data and to Steven Allen, Laurence Ball, Olivier J. Blanchard, Timothy Bresnahan, Charles Calomiris, Dennis Carlton, Robert Chirinko, Russell Cooper, Stanley Fischer, Herschel Grossman, R. Glenn Hubbard, David Laidler, John Leahy, Assar Lindbeck, N. Gregory Mankiw, David Romer, Julio Rotemberg, Dennis Snower, John Taylor, Andrew Weiss, and two anonymous referees for comments on one or more earlier drafts. I am also indebted to Michael Parkin and Edmund S. Phelps for helping to establish the etymology of the phrase new-Keynesian.

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