A history of macroeconomics from Keynes to Lucas and beyond
Vroey, Michel De
A history of macroeconomics from Keynes to Lucas and beyond - Cambridge Cambridge University Press 2016 - xx, 429 p.
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.
Retraces the history of macroeconomics from Keynes's General Theory to the present
Examines a few selected works aiming at presenting alternatives to Lucasian macro
Studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijonhufvud and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models
(https://www.cambridge.org/in/universitypress/subjects/economics/macroeconomics-and-monetary-economics/history-macroeconomics-keynes-lucas-and-beyond?format=PB)
9781107584945
Economics
Macroeconomics
Monetary economics
339 / VRO
A history of macroeconomics from Keynes to Lucas and beyond - Cambridge Cambridge University Press 2016 - xx, 429 p.
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.
Retraces the history of macroeconomics from Keynes's General Theory to the present
Examines a few selected works aiming at presenting alternatives to Lucasian macro
Studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijonhufvud and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models
(https://www.cambridge.org/in/universitypress/subjects/economics/macroeconomics-and-monetary-economics/history-macroeconomics-keynes-lucas-and-beyond?format=PB)
9781107584945
Economics
Macroeconomics
Monetary economics
339 / VRO