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A History of Macroeconomics from Keynes to Lucas and Beyond

Michel De Vroey

出版	Cambridge University Press, 2016-01-07
主題	Business & Economics / Economics / MacroeconomicsBusiness & Economics / Economic HistoryPolitical Science / Public Policy / Economic Policy
ISBN	13164190029781316419007
URL	http://books.google.com.hk/books?id=-OgyCwAAQBAJ&hl=&source=gbs_api

註釋

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.