UID:
almahu_9947413857702882
Format:
1 online resource (xx, 427 pages) :
,
digital, PDF file(s).
ISBN:
9780511843617 (ebook)
Content:
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.
Note:
Title from publisher's bibliographic system (viewed on 01 Jan 2016).
Additional Edition:
Print version: ISBN 9780521898430
Language:
English
URL:
https://doi.org/10.1017/CBO9780511843617
