{"id":"https://openalex.org/W77615258","doi":null,"title":"New Keynesian Economics - Vol. 2: Coordination Failures and Real Rigidities","display_name":"New Keynesian Economics - Vol. 2: Coordination Failures and Real Rigidities","publication_year":1991,"publication_date":"1991-01-01","ids":{"openalex":"https://openalex.org/W77615258","mag":"77615258"},"language":"en","primary_location":{"id":"mag:77615258","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:mtp:titles:0262631342","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},"volume":null,"type":"preprint","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5026481307","display_name":"N. Gregory Mankiw","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"N. Gregory Mankiw","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5007422726","display_name":"David Romer","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"David Romer","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":30,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":"1","issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6137999892234802,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.6137999892234802,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.22050000727176666,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.15649999678134918,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/new-keynesian-economics","display_name":"New Keynesian economics","score":0.9700000286102295},{"id":"https://openalex.org/keywords/coordination-failure","display_name":"coordination failure","score":0.9330000281333923},{"id":"https://openalex.org/keywords/real-rigidities","display_name":"real rigidities","score":0.9919999837875366},{"id":"https://openalex.org/keywords/imperfect-competition","display_name":"imperfect competition","score":0.9369999766349792},{"id":"https://openalex.org/keywords/microfoundations-of-macroeconomics","display_name":"microfoundations of macroeconomics","score":0.7509999871253967},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.7179999947547913},{"id":"https://openalex.org/keywords/labor-market","display_name":"labor market","score":0.7799999713897705},{"id":"https://openalex.org/keywords/credit-markets","display_name":"credit markets","score":0.968999981880188},{"id":"https://openalex.org/keywords/goods-market","display_name":"goods market","score":0.8500000238418579}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.7684503793716431},{"id":"https://openalex.org/C2777098679","wikidata":"https://www.wikidata.org/wiki/Q281682","display_name":"Imperfect competition","level":2,"score":0.680388331413269},{"id":"https://openalex.org/C2780917649","wikidata":"https://www.wikidata.org/wiki/Q5168030","display_name":"Coordination failure","level":2,"score":0.6451661586761475},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.5348020792007446},{"id":"https://openalex.org/C2780310539","wikidata":"https://www.wikidata.org/wiki/Q12547192","display_name":"Imperfect","level":2,"score":0.5145149230957031},{"id":"https://openalex.org/C10688316","wikidata":"https://www.wikidata.org/wiki/Q936174","display_name":"New Keynesian economics","level":3,"score":0.5129337310791016},{"id":"https://openalex.org/C18762648","wikidata":"https://www.wikidata.org/wiki/Q42213","display_name":"Work (physics)","level":2,"score":0.4693297743797302},{"id":"https://openalex.org/C9652623","wikidata":"https://www.wikidata.org/wiki/Q190109","display_name":"Field (mathematics)","level":2,"score":0.4471031129360199},{"id":"https://openalex.org/C177264268","wikidata":"https://www.wikidata.org/wiki/Q1514741","display_name":"Set (abstract data type)","level":2,"score":0.4463745355606079},{"id":"https://openalex.org/C178411942","wikidata":"https://www.wikidata.org/wiki/Q622657","display_name":"Market failure","level":2,"score":0.4373658299446106},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.43202126026153564},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.42473864555358887},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3839430809020996},{"id":"https://openalex.org/C133425853","wikidata":"https://www.wikidata.org/wiki/Q60571","display_name":"Neoclassical economics","level":1,"score":0.32731038331985474},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.17007169127464294},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.08343550562858582},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.07083922624588013},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C202444582","wikidata":"https://www.wikidata.org/wiki/Q837863","display_name":"Pure mathematics","level":1,"score":0.0},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:77615258","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:mtp:titles:0262631342","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3125464970","https://openalex.org/W585324142","https://openalex.org/W565097250","https://openalex.org/W1974983004","https://openalex.org/W2799240509","https://openalex.org/W1784896063","https://openalex.org/W2004746748","https://openalex.org/W1603217750","https://openalex.org/W4200027117","https://openalex.org/W4312274044"],"abstract_inverted_index":{"These":[0],"two":[1],"volumes":[2],"bring":[3],"together":[4],"a":[5,12,80],"set":[6],"of":[7,37,53,76,82],"important":[8],"essays":[9,41],"that":[10,47],"represent":[11],"new":[13],"Keynesian":[25],"perspective":[15],"in":[16,44,85],"economics":[17],"today.":[18],"This":[19],"recent":[20],"work":[21],"shows":[22],"how":[23],"the":[24,62,77,86],"approach":[26],"to":[27,74],"economic":[28,38],"fluctuations":[29],"can":[30],"be":[31],"supported":[32],"by":[33],"rigorous":[34],"microeconomic":[35],"models":[36],"behavior.":[39],"The":[40],"are":[42],"grouped":[43],"seven":[45],"parts":[46],"cover":[48],"costly":[49],"price":[50],"adjustment,":[51],"staggering":[52],"wages":[54],"and":[55,61,67,79],"prices,":[56],"imperfect":[57],"competition,":[58],"coordination":[59],"failures,":[60],"markets":[63],"for":[64],"labor,":[65],"credit,":[66],"goods.":[68],"An":[69],"overall":[70],"introduction,":[71],"brief":[72],"introductions":[73],"each":[75],"parts,":[78],"bibliography":[81],"additional":[83],"papers":[84],"field":[87],"round":[88],"out":[89],"this":[90],"valuable":[91],"collection.":[92]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2016-06-24T00:00:00"}