{"product_id":"de-michel-vroey-a-history-of-macroeconomics-from-keynes-to-lucas-and-beyond-9781107584945","title":"A History of Macroeconomics from Keynes to Lucas and Beyond","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.","brand":"Cambridge University Press","offers":[{"title":"Used - good","offer_id":53194653172054,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9781107584945_1_318b516b-e5c9-48a2-a260-197707c7e569.jpg?v=1782332775","url":"https:\/\/www.momoxbooks.com\/products\/de-michel-vroey-a-history-of-macroeconomics-from-keynes-to-lucas-and-beyond-9781107584945","provider":"momoxbooks","version":"1.0","type":"link"}