I hear a lot about Krugman’s “models” both from Krugman and his critics and supporters. Where could a guy get an in-depth explication of these models expressed in common-sense language. Any ideas???
Thanks.
Here are a few pieces on Krugman’s baby-sitting co-op model:
http://mises.org/journals/qjae/pdf/qjae3_1_9.pdf
http://bastiat.mises.org/2014/03/krugman-and-the-babysitters/
Here is Greg Mankiw on New Keynesian models.
http://www.econlib.org/library/Enc/NewKeynesianEconomics.html
You might consult his textbooks for an introduction to New Keynesian models.
http://www.amazon.com/N.-Gregory-Mankiw/e/B001H6Q104
Thank you.