A History of Macroeconomics from Keynes to Lucas and Beyond (Paperback)

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.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	2016
Authors:	Michel de Vroey
Dimensions:	228 x 152 x 25mm (L x W x T)
Format:	Paperback - Trade
Pages:	446
ISBN-13:	978-1-107-58494-5
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Humanities > History > History of specific subjects > Economic history Books > Business & Economics > Economics > Macroeconomics > General Books > History > History of specific subjects > Economic history
LSN:	1-107-58494-9
Barcode:	9781107584945

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