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Cover image for book The Friedman-Lucas Transition in Macroeconomics

The Friedman-Lucas Transition in Macroeconomics

A Structuralist Approach
By:Peter Galbács
Publisher:Elsevier S & T
Print ISBN:9780128165652
eText ISBN:9780128165539
Edition:0
Copyright:2020
Format:Reflowable

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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  • Offers a wide selection of Robert Lucas’s unpublished works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