New Keynesian economics

From CNM Wiki
Jump to: navigation, search

New Keynesian economics is the school of thought according to which economic fluctuations can be explained only by admitting a role for some microeconomic imperfection, such as sticky wages or prices.

Definition

According to Macroeconomics by Mankiw (7th edition),

New Keynesian economics. The school of thought according to which economic fluctuations can be explained only by admitting a role for some microeconomic imperfection, such as sticky wages or prices.
Retrieved from "https://pravka.bskol.com/w/index.php?title=New_Keynesian_economics&oldid=50355"