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


Quick Tools:

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


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


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)


Romer, David (U CA, Berkeley)

JEL Classifications

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


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)


JEP - All Issues

Virtual Field Journals

AEA Member Login:

AEAweb | AEA Journals | Contact Us