New Keynesian economics
Revision as of 18:04, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "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, s...")
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.
