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A History of Macroeconomics from Keynes to Lucas and Beyond
Non-Walrasian Equilibrium Modeling
monograph
Author(s):
Michel De Vroey
Publication date
(Online):
2015
Publisher:
Cambridge University Press
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Author and book information
Book Chapter
Pages
: 123-142
DOI:
10.1017/CBO9780511843617.008
SO-VID:
f1c96619-87c1-40f8-a794-34b04d25bdc5
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Book chapters
pp. xiii
Preface
pp. 3
Keynes's General Theory and the Emergence of Modern Macroeconomics
pp. 27
Keynesian Macroeconomics: The IS-LM Model
pp. 50
The Neoclassical Synthesis Program: Klein and Patinkin
pp. 65
Milton Friedman and the Monetarist Debate
pp. 95
Phelps and Friedman: The Natural Rate of Unemployment
pp. 112
Leijonhufvud and Clower
pp. 123
Non-Walrasian Equilibrium Modeling
pp. 143
Assessment
pp. 151
Lucas and the Emergence of DSGE Macroeconomics
pp. 174
A Methodological Breach
pp. 191
Assessing Lucas
pp. 204
Early Reactions to Lucas
pp. 225
Reacting to Lucas: First-Generation New Keynesians
pp. 247
Reacting to Lucas: Alternative Research Lines
pp. 261
Real Business Cycle Modeling: Kydland and Prescott's Contribution
pp. 282
Real Business Cycle Modeling: Critical Reactions and Further Developments
pp. 299
Real Business Cycle Modeling: My Assessment
pp. 307
Second-Generation New Keynesian Modeling
pp. 339
The History of Macroeconomics through the Lens of the Marshall-Walras Divide
pp. 358
Standing up to DSGE Macroeconomics
pp. 378
Looking Back, Looking Ahead
pp. 389
Bibliography
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