
New Keynesian Economics
While early Keynesians were comfortable simply postulating that wages and prices were slow to adjust as a practical reality,
Theoretical response to the rational expectations criticism.
Sticky Price (Menu Cost) Models
Efficiency Wage Models
Insider-Outsider Models and Hysteresis
Imperfect Competition
Staggered Price Adjustment
References
New
Keynesian Economics,
Gregory Mankiw, Concise
Encyclopedia of Economics.
New Keynesian
Economics, Wikipedia.
Links: Contents
Challenges