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...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	De Vroey, Michel 1942- (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	New York, NY, USA Cambridge University Press 2016
Schlagworte:	Lucas, Robert E. > 1937-2023 Keynes, John Maynard > 1883-1946 Geschichte Macroeconomics / History Weltwirtschaft Methode Makroökonomie
Online-Zugang:	BSB01 UBG01 Volltext
Zusammenfassung:	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
Beschreibung:	First published 2016 (Version 2, with corrections, October 2016)
Beschreibung:	1 Online-Ressource (xx, 429 Seiten) Illustrationen
ISBN:	9780511843617
DOI:	10.1017/CBO9780511843617