Book contents
- A History of Macroeconomics from Keynes to Lucas and Beyond
- A History of Macroeconomics from Keynes to Lucas and Beyond
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Preface
- Acknowledgements
- Part I Keynes and Keynesian Macroeconomics
- Part II DSGE Macroeconomics
- 9 Lucas and the Emergence of DSGE Macroeconomics
- 10 A Methodological Breach
- 11 Assessing Lucas
- 12 Early Reactions to Lucas
- 13 Reacting to Lucas: First-Generation New Keynesians
- 14 Reacting to Lucas: Alternative Research Lines
- 15 Real Business Cycle Modeling: Kydland and Prescott’s Contribution
- 16 Real Business Cycle Modeling: Critical Reactions and Further Developments
- 17 Real Business Cycle Modeling: My Assessment
- 18 Second-Generation New Keynesian Modeling
- Part III A Broader Perspective
- Bibliography
- Index
17 - Real Business Cycle Modeling: My Assessment
from Part II - DSGE Macroeconomics
Published online by Cambridge University Press: 18 December 2015
- A History of Macroeconomics from Keynes to Lucas and Beyond
- A History of Macroeconomics from Keynes to Lucas and Beyond
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Boxes
- Preface
- Acknowledgements
- Part I Keynes and Keynesian Macroeconomics
- Part II DSGE Macroeconomics
- 9 Lucas and the Emergence of DSGE Macroeconomics
- 10 A Methodological Breach
- 11 Assessing Lucas
- 12 Early Reactions to Lucas
- 13 Reacting to Lucas: First-Generation New Keynesians
- 14 Reacting to Lucas: Alternative Research Lines
- 15 Real Business Cycle Modeling: Kydland and Prescott’s Contribution
- 16 Real Business Cycle Modeling: Critical Reactions and Further Developments
- 17 Real Business Cycle Modeling: My Assessment
- 18 Second-Generation New Keynesian Modeling
- Part III A Broader Perspective
- Bibliography
- Index
Summary
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- A History of Macroeconomics from Keynes to Lucas and Beyond , pp. 299 - 306Publisher: Cambridge University PressPrint publication year: 2016