TY - BOOK AU - Vroey, Michel De TI - A history of macroeconomics from Keynes to Lucas and beyond SN - 9781107584945 U1 - 339 PY - 2016/// CY - Cambridge PB - Cambridge University Press KW - Economics KW - Macroeconomics KW - Monetary economics N2 - 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) ER -