A History of Macroeconomics from Keynes to Lucas and Beyond

A History of Macroeconomics from Keynes to Lucas and Beyond
Author: Michel De Vroey
Publisher: Cambridge University Press
Total Pages: 451
Release: 2016-01-08
Genre: Business & Economics
ISBN: 0521898439


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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 macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. 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.


A History of Macroeconomics from Keynes to Lucas and Beyond
Language: en
Pages: 451
Authors: Michel De Vroey
Categories: Business & Economics
Type: BOOK - Published: 2016-01-08 - Publisher: Cambridge University Press

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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 Lucasi
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Language: en
Pages: 476
Authors: Robert Dimand
Categories: Business & Economics
Type: BOOK - Published: 2001-12-20 - Publisher: Psychology Press

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This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development
Interpreting Macroeconomics
Language: en
Pages: 250
Authors: Roger E. Backhouse
Categories: Macroeconomics
Type: BOOK - Published: 1996 - Publisher: Psychology Press

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Interpreting Macroeconomics explores a number of different approaches to macroeconomic thought and analyzes various important episodes in the development of mac
Modern Macroeconomics
Language: en
Pages: 825
Authors: Brian Snowdon
Categories: Business & Economics
Type: BOOK - Published: 2005-01-01 - Publisher: Edward Elgar Publishing

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Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare, and evaluate the evolution of the major rival stories comprising contemporary
The Microfoundations Delusion
Language: en
Pages: 0
Authors: J. E. King
Categories: Macroeconomics
Type: BOOK - Published: 2014-03-28 - Publisher: Edward Elgar Publishing

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In this challenging book, John King makes a sustained and comprehensive attack on the dogma that macroeconomic theory must have 'rigorous microfoundations'. He