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The Friedman Lucas Transition In Macroeconomics

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The Friedman Lucas Transition in Macroeconomics

The Friedman Lucas Transition in Macroeconomics Book
Author : Peter Galbács
Publisher : Academic Press
Release : 2020-02-20
ISBN : 0128165537
Language : En, Es, Fr & De

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Book Description :

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 Offers a wide selection of Robert Lucas’s unpublished works Discusses the history of business-cycle theories in the context of methodological advancements Suggests effective arguments for emphasizing the key role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

The Friedman Lucas Transition in Macroeconomics

The Friedman Lucas Transition in Macroeconomics Book
Author : Peter Galbács
Publisher : Academic Press
Release : 2020-02-19
ISBN : 0128165650
Language : En, Es, Fr & De

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Book Description :

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.

A History of Macroeconomics from Keynes to Lucas and Beyond

A History of Macroeconomics from Keynes to Lucas and Beyond Book
Author : Michel De Vroey
Publisher : Cambridge University Press
Release : 2016-01-07
ISBN : 1316419002
Language : En, Es, Fr & De

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Book Description :

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.

The Nobel Factor

The Nobel Factor Book
Author : Avner Offer,Gabriel Söderberg
Publisher : Princeton University Press
Release : 2019-11-05
ISBN : 0691196311
Language : En, Es, Fr & De

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Book Description :

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. It tells how the prize, created by the Swedish central bank, emerged from a conflict between central bank orthodoxy and Sweden's social democracy. The aim was to use the halo of the Nobel brand to influence the future of Sweden and the rest of the developed world by enhancing the bank's authority and the prestige of market-friendly economics. And the strategy has worked spectacularly—with sometimes disastrous results for societies striving to cope with the requirements of economic theory and deregulated markets. Drawing on previously untapped archives and providing a unique analysis of the sway of prizewinners, The Nobel Factor offers an unprecedented account of the real-world consequences of economics and its greatest prize.

Debunking Economics Digital Edition Revised Expanded and Integrated

Debunking Economics  Digital Edition   Revised  Expanded and Integrated  Book
Author : Professor Steve Keen
Publisher : Zed Books Ltd.
Release : 2011-09-22
ISBN : 1780322194
Language : En, Es, Fr & De

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Book Description :

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 encouraged policy-makers to dismantle some of the institutions which initially evolved to try to keep its instability within limits'. That instability exploded with the devastating financial crisis of 2007, and now haunts the global economy with the prospect of another Depression. In this radically updated and greatly expanded new edition - this version of which includes fully integrated graphs and diagrams - Keen builds on his scathing critique of conventional economic theory whilst explaining what mainstream economists cannot: why the crisis occurred, why it is proving to be intractable, and what needs to be done to end it. Essential for anyone who has ever doubted the advice or reasoning of economists, Debunking Economics provides a signpost to a better future.

Conversations on Growth Stability and Trade

Conversations on Growth  Stability and Trade Book
Author : Brian Snowdon
Publisher : Edward Elgar Publishing
Release : 2002-01-01
ISBN : 1843767422
Language : En, Es, Fr & De

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Book Description :

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.D. 2002. Christopher Hanes, EH.Net Conversations on Growth, Stability and Trade is a wonderful survey of the development of macroeconomic thinking over the past decades. Brian Snowdon has a knack for combining insightful essays on a subject with interviews of interesting, relevant, and diverse economists. The interviews give one an excellent sense of how economists approach policy issues. David Colander, Middlebury College, US Conversations on Growth, Stability and Trade has all the lucidity of A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk, combined with the fascination of Conversations with Leading Economists by Snowdon and Vane. Students will love it and their teachers will devour it the night before the big lecture. If only I had learned macroeconomics this way. Mark Blaug, University of London and University of Buckingham, UK These well informed and highly readable interviews provide a great introduction to some of the big issues in modern economics. Roger E. Backhouse, University of Birmingham, UK This unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the Great Depression , the Great Peacetime Inflation , the conduct of stabilisation policy, international economic integration and globalisation. To shed light on these major issues the volume contains interviews with ten leading economists who have each contributed extensively to the literature on macroeconomics, economic growth and development, international economics and economic history. A major theme which runs throughout the book is the conviction that economists can gain valuable insights concerning important contemporary policy issues from a knowledge of history, especially economic history. The distinguished economists featured in this book are: Ben Bernanke, Jagdish Bhagwati, Alan Blinder, Nick Crafts, Bradford DeLong, Barry Eichengreen, Kevin Hoover, Charles Jones, Christina Romer and Joseph Stiglitz. Containing an extensive and up-to-date list of references, the book provides a comprehensive guide to the modern literature on macroeconomics and related fields. It will be an essential reference for all scholars and students of economics, especially those with an interest in economic growth, business cycles, inflation, unemployment, trade and globalisation. It will also be of considerable value to students of economic history and the history of economic thought.

Crisis in Economics

Crisis in Economics  Book
Author : László Csaba
Publisher : Unknown
Release : 2009
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Crisis in Economics book written by László Csaba, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Economics and Other Branches In the Shade of the Oak Tree

Economics and Other Branches     In the Shade of the Oak Tree Book
Author : François Allisson
Publisher : Routledge
Release : 2015-10-06
ISBN : 1317317173
Language : En, Es, Fr & De

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Book Description :

Pascal Bridel held the Chair of Economics at the University of Lausanne and is founder of the Centre Walras-Pareto. This major essay collection reflects his wide range of interests and his seminal contributions to economic theory. It is the work of more than thirty of the most senior scholars of economics working today.

Index of Economic Articles in Journals and Collective Volumes

Index of Economic Articles in Journals and Collective Volumes Book
Author : American Economic Association
Publisher : Unknown
Release : 1994
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Index of Economic Articles in Journals and Collective Volumes book written by American Economic Association, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Monetary Regimes in Transition

Monetary Regimes in Transition Book
Author : Michael D. Bordo,Forrest Capie
Publisher : Cambridge University Press
Release : 2006-11-02
ISBN : 0521030420
Language : En, Es, Fr & De

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Book Description :

This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. The contributors lay particular emphasis on how the regimes fared when placed under stress such as wars and or other changes in the economic environment. Covering the experience of ten countries over the period 1700SH1990, the book employs the latest techniques of economic analysis in order to understand why particular monetary regimes and policies succeeded or failed.

Principles of Macroeconomics

Principles of Macroeconomics Book
Author : N. Gregory Mankiw
Publisher : Cengage Learning
Release : 2012-12-19
ISBN : 1133418929
Language : En, Es, Fr & De

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Book Description :

PRINCIPLES OF MACROECONOMICS, Sixth Edition, became a best seller after its introduction and continues to be the most popular and widely used text in the economics classroom. Instructors found it the perfect complement to their teaching. A text by a superb writer and economist that stressed the most important concepts without overwhelming students with an excess of detail was a formula that was quickly imitated, but has yet to be matched. The sixth edition features a strong revision of content in all twenty-three chapters. Dozens of new applications emphasize the real-world relevance of economics for today's students through interesting news articles, realistic case studies, and engaging problems. The premier ancillary package is the most extensive in the industry, using a team of instructors/preparers that have been with the project since the first edition. The text material is again fully integrated into Aplia, the best-selling online homework solution. I have tried to put myself in the position of someone seeing economics for the first time. My goal is to emphasize the material that students should and do find interesting about the study of the economy.--N. Gregory Mankiw. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

The Legacy of Robert Lucas Jr

The Legacy of Robert Lucas  Jr Book
Author : Kevin D. Hoover
Publisher : Unknown
Release : 1999
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download The Legacy of Robert Lucas Jr book written by Kevin D. Hoover, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Macroeconomic Dimensions of Public Finance

Macroeconomic Dimensions of Public Finance Book
Author : Mario Blejer,Teresa Ter-Minassian
Publisher : Routledge
Release : 2002-09-11
ISBN : 1134768850
Language : En, Es, Fr & De

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Book Description :

There is no magic formula for balancing fiscal policy and economic performance. As a scholar and policy advisor, Vito Tanzi has made a major contribution to identifying links between public finance and macro and microeconomic consequences. His findings bear relevance in both developing and industrialized economies. The essays in this volume and its companion, Fiscal Policy and Economic Reform, highlight many of these interconnected issues, for instance: * the interaction between budgetary policy and economic aggregates, such as employment, inflation and growth * the implication of economic linkages for designing fiscal policies * expenditure policies and alternative deficit financing strategies * the trade-offs between macro- and microeconomic objectives The list of contributors includes Max Corden, John Makin, Ronald McKinnon and Richard Musgrave.

Keynes A Very Short Introduction

Keynes  A Very Short Introduction Book
Author : Robert Skidelsky
Publisher : OUP Oxford
Release : 2010-10-07
ISBN : 0191615501
Language : En, Es, Fr & De

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Book Description :

John Maynard Keynes (1883-1946) is a central thinker of the twentieth century, not just an economic theorist and statesman, but also in economics, philosophy, politics, and culture. In this Very Short Introduction Lord Skidelsky, a renowned biographer of Keynes, explores his ethical and practical philosophy, his monetary thought, and provides an insight into his life and works. In the recent financial crisis Keynes's theories have become more timely than ever, and remain at the centre of political and economic discussion. With a look at his major works and his contribution to twentieth-century economic thought, Skidelsky considers Keynes's legacy on today's society. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

The Friedman System

The Friedman System Book
Author : William Johnson Frazer
Publisher : Unknown
Release : 1997
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download The Friedman System book written by William Johnson Frazer, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Central Banking and Financialization

Central Banking and Financialization Book
Author : D. Gabor
Publisher : Springer
Release : 2010-11-10
ISBN : 0230295045
Language : En, Es, Fr & De

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Book Description :

This book explores the causes and effects of the rise of neoliberalism in Eastern Europe in the aftermath of the collapse of the Soviet Union. It provides a political economy analysis of the role of central banks, and identifies them as a key actor in the production and dissemination of the neoliberal economic policies.

Handbook of Monetary Economics

Handbook of Monetary Economics Book
Author : Benjamin M. Friedman,Frank Hahn,Michael Woodford
Publisher : Elsevier
Release : 2010-11-30
ISBN : 9780444534545
Language : En, Es, Fr & De

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Book Description :

"What tools are available for setting and analyzing monetary policy? World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship." [source : 4e de couv.].

Index of Economic Articles in Journals and Collective Volumes

Index of Economic Articles in Journals and Collective Volumes Book
Author : Anonim
Publisher : Unknown
Release : 2003
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Index of Economic Articles in Journals and Collective Volumes book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Macroeconomics

Macroeconomics Book
Author : J. Bradford De Long
Publisher : Irwin/McGraw-Hill
Release : 2002
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

A valuable perspective on global macroeconomics "Macroeconomics" incorporates a strong international and historical perspective and includes unprecedented coverage on the crucial topic of long-term growth. Mathematics are simplified and kept to a minimum. Extensive use of real-world examples, along with the authors'significant policy-making experience, strengthen and clarify connections between concepts discussed and the impact of policy decisions on everyday life.

Unemployment in Theory and Practice

Unemployment in Theory and Practice Book
Author : Thomas Lange
Publisher : Edward Elgar Publishing
Release : 1998-01-01
ISBN : 9781782542995
Language : En, Es, Fr & De

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Book Description :

Unemployment in Theory and Practice examines the effectiveness of current policies in the battle against unemployment. It uses a variety of country case studies to analyse the range of potential causes of and cures for unemployment and analyses the complex nature of labour markets.