A History of Macroeconomics from Keynes to Lucas and Beyond PDF ePub eBook

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A History of Macroeconomics from Keynes to Lucas and Beyond free pdf 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.

About Michel De Vroey

Michel De Vroey is a Professor Emeritus at the University of Louvain and visiting professor at the Universite Saint Louis in Brussels. He has published several books, including Involuntary Unemployment: The Elusive Quest for a Theory (2007) and Keynes, Lucas: D'une macroeconomie ... l'autre (2009). He has also published extensively in scholarly journals.

Details Book

Author : Michel De Vroey
Publisher : Cambridge University Press
Data Published : 21 December 2015
ISBN : 1107584949
EAN : 9781107584945
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 480 pages
Age + : 15 years
Language : English
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