A History of Macroeconomics from Keynes to Lucas and Beyond Paperback / softback
by Michel (Universite Catholique de Louvain, Belgium) De Vroey
Paperback / softback
Description
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.
Information
-
Only a few left - usually despatched within 24 hours
- Format:Paperback / softback
- Pages:446 pages, 35 Line drawings, unspecified
- Publisher:Cambridge University Press
- Publication Date:07/01/2016
- Category:
- ISBN:9781107584945
£38.99
£35.85
Information
-
Only a few left - usually despatched within 24 hours
- Format:Paperback / softback
- Pages:446 pages, 35 Line drawings, unspecified
- Publisher:Cambridge University Press
- Publication Date:07/01/2016
- Category:
- ISBN:9781107584945