£113.19

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

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£113.69 £107.86 £109.13 £110.40 £111.68 £112.95 £114.22 14 March 2026 27 March 2026 10 April 2026 24 April 2026 08 May 2026

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Most common price: £108 (27 days, 48.2%)

Price range: £108 - £114

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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

Format
hardcover
Domain
Amazon UK
Release Date
08 January 2016
Listed Since
19 March 2015

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No barcode data available

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