| A History of Macroeconomics from Keynes to Lucas and Beyond Contributor(s): de Vroey, Michel (Author) |
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ISBN: 1107584949 ISBN-13: 9781107584945 Publisher: Cambridge University Press OUR PRICE: $52.24 Product Type: Paperback - Other Formats Published: January 2016 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Macroeconomics - Business & Economics | Economic History |
| Dewey: 339.09 |
| LCCN: 2015027413 |
| Physical Information: 1" H x 5.9" W x 8.9" (1.35 lbs) 446 pages |
| Themes: - Chronological Period - 20th Century - Chronological Period - 21st Century |
| Descriptions, Reviews, Etc. |
| Publisher 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 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. |
Contributor Bio(s): de Vroey, Michel: - Michel De Vroey is a Professor Emeritus at the University of Louvain and visiting professor at the Université Saint Louis, Brussels. He has published several books, including Involuntary Unemployment: The Elusive Quest for a Theory (2007) and Keynes, Lucas: D'une macroéconomie à l'autre (2009). He has also published extensively in scholarly journals. |