A History of Macroeconomics from Keynes to Lucas and Beyond - 9781107584945
Cambridge University Press
ISBN13:
9781107584945
$52.45
This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
- | Author: Michel De Vroey
- | Publisher: Cambridge University Press
- | Publication Date: Jan 07, 2016
- | Number of Pages: 446 pages
- | Language: English
- | Binding: Paperback/Business & Economics
- | ISBN-10: 1107584949
- | ISBN-13: 9781107584945
- Author:
- Michel De Vroey
- Publisher:
- Cambridge University Press
- Publication Date:
- Jan 07, 2016
- Number of pages:
- 446 pages
- Language:
- English
- Binding:
- Paperback/Business & Economics
- ISBN-10:
- 1107584949
- ISBN-13:
- 9781107584945