The Friedman Lucas Transition in Macroeconomics

The Friedman-Lucas Transition in Macroeconomics: A Structuralist Approach considers how and to what extent monetarist and new classical theories of the business-cycle can be regarded as approximately true descriptions of a cycle’s causal structure or whether they can be no more than useful predictive instruments. This book will be of interest to upper-division undergraduates, graduate students, researchers and professionals concerned with practical, theoretical and historical aspects of macroeconomics and business-cycle modeling. Offers a wide selection of Robert Lucas’s unpublished works Discusses the history of business-cycle theories in the context of methodological advancements Suggests effective arguments for emphasizing the key role of representative agents and their assumed properties in macro-modeling

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  • Author : Peter Galbács
  • Publisher : Academic Press
  • Pages : 396 pages
  • ISBN : 0128165537
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKThe Friedman Lucas Transition in Macroeconomics

The Friedman-Lucas Transition in Macroeconomics

The Friedman-Lucas Transition in Macroeconomics
  • Author : Peter Galbács
  • Publisher : Academic Press
  • Release : 20 February 2020
GET THIS BOOKThe Friedman-Lucas Transition in Macroeconomics

The Friedman-Lucas Transition in Macroeconomics: A Structuralist Approach considers how and to what extent monetarist and new classical theories of the business-cycle can be regarded as approximately true descriptions of a cycle’s causal structure or whether they can be no more than useful predictive instruments. This book will be of interest to upper-division undergraduates, graduate students, researchers and professionals concerned with practical, theoretical and historical aspects of macroeconomics and business-cycle modeling. Offers a wide selection of Robert Lucas’s

The Friedman-Lucas Transition in Macroeconomics

The Friedman-Lucas Transition in Macroeconomics
  • Author : Peter Galbács
  • Publisher : Academic Press
  • Release : 19 February 2020
GET THIS BOOKThe Friedman-Lucas Transition in Macroeconomics

The Friedman-Lucas Transition in Macroeconomics: A Structuralist Approach considers how and to what extent monetarist and new classical theories of the business-cycle can be regarded as approximately true descriptions of a cycle's causal structure or whether they can be no more than useful predictive instruments. This book will be of interest to upper-division undergraduates, graduate students, researchers and professionals concerned with practical, theoretical and historical aspects of macroeconomics and business-cycle modeling.

Milton Friedman

Milton Friedman
  • Author : James Forder
  • Publisher : Springer
  • Release : 05 July 2019
GET THIS BOOKMilton Friedman

This book examines the work of Milton Friedman, which is amongst the most significant in modern economics and, equally, amongst the most contentious. Although Friedman became most famous for his views on money and monetary policy as well as his public writings, a large and important part of his work concerned other aspects of economics. All parts of Friedman’s work are considered here, as is his account of his own life. By focussing on what Friedman wrote rather than

A History of Macroeconomics from Keynes to Lucas and Beyond

A History of Macroeconomics from Keynes to Lucas and Beyond
  • Author : Michel De Vroey
  • Publisher : Cambridge University Press
  • Release : 08 January 2016
GET THIS BOOKA History of Macroeconomics from Keynes to Lucas and Beyond

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 macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (

The General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money
  • Author : John Maynard Keynes,General Press
  • Publisher : GENERAL PRESS
  • Release : 05 October 2019
GET THIS BOOKThe General Theory of Employment, Interest, and Money

The General Theory of Employment, Interest, and Money, written by legendary author John Maynard Keynes is widely considered to be one of the top 100 greatest books of all time. This masterpiece was published right after the Great Depression. It sought to bring about a revolution, commonly referred to as the ‘Keynesian Revolution’, in the way economists thought—especially challenging the proposition that a market economy tends naturally to restore itself to full employment on its own. Regarded widely as the

The Theory of New Classical Macroeconomics

The Theory of New Classical Macroeconomics
  • Author : Peter Galbács
  • Publisher : Springer
  • Release : 23 April 2015
GET THIS BOOKThe Theory of New Classical Macroeconomics

This book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first dimension of comparison. The second dimension appears in a historical context, since none of the new classical doctrines can be analyzed ignoring the parallelism and discrepancies with the theory of Keynes, Friedman or Phelps. Radicalism of new classical macroeconomics has brought fundamental changes in economic thought, but the doctrines got vulgarized and distorted thanks to

The Nobel Factor

The Nobel Factor
  • Author : Avner Offer,Gabriel Söderberg
  • Publisher : Princeton University Press
  • Release : 05 November 2019
GET THIS BOOKThe Nobel Factor

How the creation of the Nobel Prize in Economics changed the economics profession, Sweden, and the world Our confidence in markets comes from economics, and our confidence in economics is underpinned by the Nobel Prize in Economics, which was first awarded in 1969. Was it a coincidence that the prize and the rise of free-market liberalism began at the same time? The Nobel Factor is the first book to describe the origins and power of the most important prize in economics.

Economic Complexity and Equilibrium Illusion

Economic Complexity and Equilibrium Illusion
  • Author : Ping Chen
  • Publisher : Routledge
  • Release : 05 April 2010
GET THIS BOOKEconomic Complexity and Equilibrium Illusion

The Principle of Large Numbers indicates that macro fluctuations have weak microfoundations; persistent business cycles and interrupted technologies can be better characterized by macro vitality and meso foundations. Economic growth is limited by market extent and ecological constraints. The trade-off between stability and complexity is the foundation of cultural diversity and mixed economies. The new science of complexity sheds light on the sources of economic instability and complexity. This book consists of the major work of Professor Ping Chen, a