Format:
1 online resource (xx, 427 pages)
ISBN:
9780511843617
,
9780521898430
,
9781107584945
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:
ISBN 9780521898430
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780521898430
Language:
English
Subjects:
Economics
Keywords:
Keynes, John Maynard 1883-1946
;
Makroökonomie
;
Lucas, Robert E. 1937-2023
DOI:
10.1017/CBO9780511843617
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(lizenzpflichtig)
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(lizenzpflichtig)
