New Keynesian economics is a school of macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesian macroeconomics by adherents of new classical macroeconomics. New Keynesianism became part of the new neoclassical synthesis – which is now usually referred to simply as New Keynesian economics – that incorporated parts of both it and new classical macroeconomics, and forms the theoretical basis of mainstream macroeconomics today.
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