A history of macroeconomics from Keynes to Lucas and beyond

By:

Vroey, Michel De

Material type: Text

TextPublication details: Cambridge University Press Cambridge 2016Description: xx, 429 pISBN:

9781107584945

Subject(s):

DDC classification:

339 VRO

Summary: 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)

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management	339 VRO (Browse shelf(Opens below))	1	Checked out	03/19/2025	006348

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Previous	339 STI The three trillion dollar war: the true cost of the Iraq conflict	339 THO Macroeconomics: an introduction	339 VEI Open economy macroeconomics in developing economies	339 VRO A history of macroeconomics from Keynes to Lucas and beyond	339.0151135 LJU Recursive macroeconomic theory	339.0151922 MAZ Rethinking macroeconomics with endogenous market structure	339.015195 DUA Macroeconometric methods: applications to the Indian economy	Next

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)

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