Journal of Economic Perspectives: Vol. 7 No. 1 (Winter 1993)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

JEP - All Issues


The New Keynesian Synthesis

Article Citation

Romer, David. 1993. "The New Keynesian Synthesis." Journal of Economic Perspectives, 7(1): 5-22.

DOI: 10.1257/jep.7.1.5

Abstract

The new Keynesians made more rapid progress in understanding the microeconomics of unemployment than in understanding the microeconomics of nominal price rigidity. But the past five years have seen important breakthroughs in this second area. This paper will describe these breakthroughs, discuss our current understanding of nominal rigidity, and assess the work that remains to be done.

Article Full-Text Access

Full-text Article (Complimentary)

Authors

Romer, David (U CA, Berkeley)

JEL Classifications

E12: General Aggregative Models: Keynes; Keynesian; Post-Keynesian

Comments

View Comments on This Article (0) | Login to post a comment


Journal of Economic Perspectives


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEP - All Issues

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us