KnowraNew Keynesian economicsLinked fromLinked fromThe 17 pages that link to New Keynesian economics, each with the reason it gives.All 17Broader topic 2Related 8Compared with 7Lucas critiqueRelated: It builds policy analysis around forward-looking behavior while retaining reasons monetary policy can affect output.Fiscal multiplierRelated: Its models make the multiplier depend on monetary rules, expectations, and nominal rigidities.Joseph StiglitzRelated: Stiglitz’s work on imperfect information helped explain why prices and wages may not clear markets.The General Theory of Employment, Interest and MoneyRelated: It rebuilds Keynesian conclusions using microeconomic models absent from the original book.George AkerlofRelated: Akerlof later used information and behavioral mechanisms to explain persistent macroeconomic problems.Edmund PhelpsRelated: Phelps’s work on nominal rigidities and expectations anticipated themes later developed in this tradition.History of macroeconomic thoughtRelated: It reconstructed Keynesian explanations using the microeconomic foundations demanded by later critics.Olivier BlanchardRelated: This framework underlies much of Blanchard’s analysis of monetary policy and economic fluctuations.