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The Friedman-Lucas Transition in Macroeconomics

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The Friedman-Lucas Transition in Macroeconomics

A Structuralist Approach

Peter Galbács

Academic Press
Publication date : 2020-02-20

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 - Offers a wide selection of Robert Lucas's unpublished works - Discusses the history of business-cycle theories in the context of methodological advancements - Suggests effective arguments for emphasizing the key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

Author

Peter Galbács

Imprint

Academic Press

Collection

n.c

Publication date

2020-02-20

Pages

396 pages

Print ISBN

9780128165652

Language

English

Ebook informations

EAN EPUB DRM-FREE

9780128165539

Price

£81.18

Informations accessibility

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About author(s)

Peter Galbács

Peter Galbács is professor of economics at the Institute of Economics and Methodology, Budapest Business School. His principal research interests cover the history and the methodology of modern business-cycle theories with a special emphasis on new classical macroeconomics and Robert E. Lucas's oeuvre. Recently he has published a monograph on the theory of new classical macroeconomics in which he made efforts to find the adequate scope of highly formalized and isolative new classical macro-models in practical-operative economic policy contexts.

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