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 Offers a wide selection of Robert Lucas’s unpublished works Discusses the history of business-cycle theories in the context of methodological advancements Suggests effective arguments for emphasizing the key role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

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 (

Debunking Economics (Digital Edition - Revised, Expanded and Integrated)

Debunking Economics (Digital Edition - Revised, Expanded and Integrated)
  • Author : Professor Steve Keen
  • Publisher : Zed Books Ltd.
  • Release : 22 September 2011
GET THIS BOOKDebunking Economics (Digital Edition - Revised, Expanded and Integrated)

Debunking Economics exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong. When the original Debunking was published back in 2001, the market economy seemed invincible, and conventional 'neoclassical' economic theory basked in the limelight. Steve Keen argued that economists deserved none of the credit for the economy's performance, and that 'the false confidence it has engendered in the stability of the market economy has

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

Conversations on Growth, Stability and Trade

Conversations on Growth, Stability and Trade
  • Author : Brian Snowdon
  • Publisher : Edward Elgar Publishing
  • Release : 01 January 2002
GET THIS BOOKConversations on Growth, Stability and Trade

This is a splendid book. It sits at the interface of economics and economic history, and provides both a textbook-style introduction to the key themes of macroeconomics and personal insights into the central debates gleaned from interviews with leading economists. David Greasley, Australian Economic History Review It should be in every library. A hundred years from now, it will be an important guide to what leading economists thought they knew, and what they knew they didn't know as of A.

Foundations of Economics

Foundations of Economics
  • Author : Yanis Varoufakis
  • Publisher : Routledge
  • Release : 08 January 2002
GET THIS BOOKFoundations of Economics

Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-teasers, philosophical questions and intriguing politics in mainstream economics, it promises to enliven an otherwise dry course whilst inspiring students to do well. The book covers all the main economic concepts and addresses in detail three main areas: * consumption and choice * production and markets * government and the State. Each is discussed in terms of what the conventional

Microfoundations Reconsidered

Microfoundations Reconsidered
  • Author : Pedro Garcia Duarte,Gilberto Tadeu Lima
  • Publisher : Edward Elgar Publishing
  • Release : 01 January 2012
GET THIS BOOKMicrofoundations Reconsidered

Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that

Introduction to Quantitative Macroeconomics Using Julia

Introduction to Quantitative Macroeconomics Using Julia
  • Author : Petre Caraiani
  • Publisher : Academic Press
  • Release : 29 August 2018
GET THIS BOOKIntroduction to Quantitative Macroeconomics Using Julia

Introduction to Quantitative Macroeconomics Using Julia: From Basic to State-of-the-Art Computational Techniques facilitates access to fundamental techniques in computational and quantitative macroeconomics. It focuses on the recent and very promising software, Julia, which offers a MATLAB-like language at speeds comparable to C/Fortran, also discussing modeling challenges that make quantitative macroeconomics dynamic, a key feature that few books on the topic include for macroeconomists who need the basic tools to build, solve and simulate macroeconomic models. This book neatly fills

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

Macroeconomics

Macroeconomics
  • Author : Stephen D. Williamson
  • Publisher : Addison-Wesley
  • Release : 18 January 2021
GET THIS BOOKMacroeconomics

Williamson's Macroeconomicsuses a thoroughly modern approach that is consistent with the way that macroeconomic research is conducted today. Introduction and Measurement Issues:Introduction; Measurement: National Income Accounting, Prices, Saving, and Labor Markets; Business Cycle Measurement. A One-Period Model of the Macroeconomy:Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization; A Closed-Economy One-Period Macroeconomic Model. Economic Growth:Economic Growth: Malthus and Solow; Income Disparity Among Countries and Endogenous Growth. Savings, Investment, and Government Deficits:A Two-Period Model: The Consumption

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

Macroeconomics and the Phillips Curve Myth

Macroeconomics and the Phillips Curve Myth
  • Author : James Forder
  • Publisher : OUP Oxford
  • Release : 09 October 2014
GET THIS BOOKMacroeconomics and the Phillips Curve Myth

This book reconsiders the role of the Phillips curve in macroeconomic analysis in the first twenty years following the famous work by A. W. H. Phillips, after whom it is named. It argues that the story conventionally told is entirely misleading. In that story, Phillips made a great breakthrough but his work led to a view that inflationary policy could be used systematically to maintain low unemployment, and that it was only after the work of Milton Friedman and Edmund