000			02033nam a22002057a 4500
005			20240919114450.0
008			240919b |||||||| |||| 00| 0 eng d
020			_a9781107584945
082			_a339 _bVRO
100			_aVroey, Michel De _917557
245			_aA history of macroeconomics from Keynes to Lucas and beyond
260			_bCambridge University Press _aCambridge _c2016
300			_axx, 429 p.
365			_aGBP _b38.99
520			_aThis 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)
650			_aEconomics
650			_aMacroeconomics
650			_aMonetary economics _95989
942			_cBK _2ddc
999			_c7174 _d7174