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portada A History of Macroeconomics From Keynes to Lucas and Beyond
Type
Physical Book
Author
Publisher
Language
English
Pages
445
Format
Paperback
Dimensions
22.6 x 15.0 x 2.5 cm
Weight
0.61 kg.
ISBN13
9781107584945
Categories

A History of Macroeconomics From Keynes to Lucas and Beyond

Michel de Vroey (Author) · Cambridge University Press · Paperback

A History of Macroeconomics From Keynes to Lucas and Beyond - de Vroey, Michel

New Book Imported to Netherlands
Delivery: 07 Aug - 11 Aug Shipping: 4 to 5 business days.
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Synopsis "A History of Macroeconomics From Keynes to Lucas and Beyond "

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.

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