A History of Macroeconomics from Keynes to Lucas and Beyond - Image 1

£113.19

Cambridge University Press A History of Macroeconomics from Keynes to Lucas and Beyond

Name: A History of Macroeconomics from Keynes to Lucas and Beyond
Brand: Cambridge University Press
Price: 113.19 GBP
Availability: InStock

Business & Economic History

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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.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521898439
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 08 January 2016
Listed Since: 19 March 2015

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Cambridge University Press A History of Macroeconomics from Keynes to Lucas and Beyond

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