Read e-book online 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 common thought to the current. imperative to it's the distinction among a Keynesian period and a Lucasian - or dynamic stochastic common equilibrium (DSGE) - period, every one governed through specified methodological criteria. within the Keynesian period, the e-book stories the next theories: Keynesian macroeconomics, monetarism, disequilibrium macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium types, and first-generation new Keynesian types. 3 phases are pointed out within the DSGE period: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The ebook additionally examines a couple of chosen works aimed toward offering choices to Lucasian macroeconomics. whereas no longer eschewing analytical content material, Michel De Vroey makes a speciality of considerable tests, and the versions studied are awarded in a pedagogical and vibrant but severe way.

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

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