eBook - PDF

A History of Macroeconomics from Keynes to Lucas and Beyond

Name: A History of Macroeconomics from Keynes to Lucas and Beyond
ISBN: 9781316419922

Michel De Vroey,

English
PDF
Available on iOS & Android

eBook - PDF

A History of Macroeconomics from Keynes to Lucas and Beyond

Michel De Vroey,

About this book

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 macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics. 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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Yes, you can access A History of Macroeconomics from Keynes to Lucas and Beyond by Michel De Vroey in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over one million books available in our catalogue for you to explore.