A History of Macroeconomics from Keynes to Lucas and Beyond

Name: A History of Macroeconomics from Keynes to Lucas and Beyond
Brand: Cambridge University Press
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By Michel De Vroey

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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.

Product details

Binding:: Paperback
Edition:: illustrated
Number of Pages:: 450
Release Date:: 2016-01-07
Publication Date:: 2016-01-07
Publisher:: Cambridge University Press
Languages:: Published: English, Original: English
ISBN10:: 1107584949
GPSR Manufacturer Reference:: [email protected]
Weight:: 640 g
Height:: 22.8 cm
Width:: 15.2 cm
Thickness:: 2.5 cm

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