Designed as a text for advanced undergraduate macroeconomic theory courses, this innovative textbook draws together the central ideas in what is referred to as the New Keynesian Macroeconomics and sets them in dialogue with the New Classical Macroeconomics.The New Keynesian Macroeconomics includes discussion of the recent literature on multiple rational expectations equilibria, an assessment of the connection between equilibrium choice and institutional context, and game theoretic discussion of social interdependence particularly with respect to wage and price formation analysis of debates over both demand and supply side activism.
As the first textbook to develop the New Keynesian Macroeconomics, the book will be widely used on second and third year undergraduate courses on macroeconomics. It will also serve as a text for advanced undergraduate courses which integrate micro and macro by general equilibrium theory.
- ISBN10 1852785985
- ISBN13 9781852785987
- Publish Date 1 January 1993 (first published 1 January 1992)
- Publish Status Out of Print
- Out of Print 28 January 2005
- Publish Country GB
- Imprint Edward Elgar Publishing Ltd
- Format Paperback
- Pages 176
- Language English