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new classical macroeconomics a sceptical inquiry by Kevin D. Hoover

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Published by B. Blackwell in Oxford, UK, New York, NY, USA .
Written in English

Subjects:

  • Macroeconomics,
  • Neoclassical school of economics

Book details:

Edition Notes

StatementKevin D. Hoover.
Classifications
LC ClassificationsHB172.5 .H66 1988
The Physical Object
Paginationxiv, 310 p. :
Number of Pages310
ID Numbers
Open LibraryOL20802975M
ISBN 100631146059

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The book draws a picture of new classical macroeconomics stressing the analogies with Keynesian countercyclical policies, instead of the discrepancies commonly held. About the Author Peter Galbács is a researcher of the theory and methodology of mainstream : Paperback. 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. The New Classical Macroeconomics: Principle, Policy Implication and Criticism! Introduction. The new classical macroeconomics is an attempt to repudiate and modify Keynesian and monetarist views about the role of macroeconomic stabilisation policy in the light of the classical school of thought. 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 .

Over the past two decades the new classical macroeconomics has become the single most coherent school of macroeconomic thought. These volumes contain the most important and influential articles of the new classical school, as well as some important articles critical of new classical thinking. Lecture Note on Classical Macroeconomic Theory Econ - Prof. Bohn This course will examine the linkages between interest rates, money, output, and inflation in more detail than Mishkin’s book. While you have taken intermediate macro, most of Mishkin’s book is meant to be accessible to less prepared Size: KB. This book is meant for the intermediate macroeconomics course. This book can also be appropriate for all readers within the area of macroeconomics. Abel, Bernanke, and Croushore current macroeconomic concept in a method that prepares college students to research actual macroeconomic data utilized by coverage makers and researchers.   The new classical macroeconomics (NCM) attempts to build macroeconomics entirely on the foundations of market clearing and optimization by economic agents. It is also known as the rational expectations–equilibrium approach to macroeconomics.

Chapter pages in book: (p. - ) models of the new classical macroeconomics and real-business-cycle (RBC) analysis, in which monetary policy is essentially unimportant for real activity, and the sticky-price models of the New Keynesian econom- The New Neoclassical Synthesis inherits the spirit of the old, in that it. The New Classical Macroeconomics, most prevalent in the work of Robert Lucas and Edward Prescott, was a reaction to Keynesian macroeconomics arguing that involuntary unemployment can arise if aggregate demand is too low. The New Classicals claim that a free price system balances supply and demand in each market, including the labor market. The New Classical Macroeconomics gives an accessible, rigorous, critical account of the central doctrines of the new classical economics, without unnecessarily difficult mathematics. Rating: (not yet rated) 0 with reviews - Be the first. ‘The choice of articles by Kevin Hoover is most judicious a valuable source that can save on photocopying expenses and time.’ – Huw David Dixon, The Economic Journal Over the past two decades the new classical macroeconomics has become the single most coherent school of macroeconomic thought. Always controversial, it has nonetheless captured centre-stage, and .