Get A History of Macroeconomics from Keynes to Lucas and Beyond PDF

By Michel De Vroey

ISBN-10: 0521898439

ISBN-13: 9780521898430

ISBN-10: 1107584949

ISBN-13: 9781107584945

This ebook retraces the background of macroeconomics from Keynes's normal conception to the current. critical to it's the distinction among a Keynesian period and a Lucasian - or dynamic stochastic normal equilibrium (DSGE) - period, every one governed via specified methodological criteria. within the Keynesian period, the ebook stories the subsequent theories: Keynesian macroeconomics, monetarism, disequilibrium macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium types, and first-generation new Keynesian versions. 3 levels are pointed out within the DSGE period: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The booklet additionally examines a couple of chosen works aimed toward offering choices to Lucasian macroeconomics. whereas now not eschewing analytical content material, Michel De Vroey specializes in significant tests, and the versions studied are offered in a pedagogical and vibrant but serious way.

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A History of Macroeconomics from Keynes to Lucas and Beyond by Michel De Vroey

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