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A History of Macroeconomics from Keynes to Lucas and Beyond



couverture livrede Vroey Michel (autres ouvrages et documents)

Professeur émérite à l'université de Louvain. Domaine de spécialisation  : histoire de la macroéconomie. Professeur invité à Paris I, Duke University, Clemson University, University of British Columbia, Université de Saint-Louis.
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Editeur : Cambridge University Press
Isbn : 9781107584945
Nombre de pages : 445
Prix : 46.03 €
Parution : janvier 2016
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Présentation éditeur :

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

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