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New Keynesian Economics, Volume 2: [Text] Coordination Failures and Real Rigidities

New Keynesian Economics, Volume 2: Coordination Failures and Real Rigidities [Text] - Cambridge: The MIT Press, 1995. - 450 p. - Readings in Economics .

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These two volumes bring together a set of important essays that represent a "new Keynesian" perspective in economics today. This recent work shows how the Keynesian approach to economic fluctuations can be supported by rigorous microeconomic models of economic behavior.

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