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The Theory of New Classical Macroeconomics = A Positive Critique /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	The Theory of New Classical Macroeconomics/ by Peter Galbács.
其他題名:	A Positive Critique /
作者:	Galbács, Peter.
面頁冊數:	XXI, 368 p. 29 illus.online resource. :
Contained By:	Springer Nature eBook
標題:	Macroeconomics. -
電子資源:	https://doi.org/10.1007/978-3-319-17578-2
ISBN:	9783319175782

The Theory of New Classical Macroeconomics = A Positive Critique /
Galbács, Peter.

The Theory of New Classical MacroeconomicsA Positive Critique /[electronic resource] :by Peter Galbács. - 1st ed. 2015. - XXI, 368 p. 29 illus.online resource. - Contributions to Economics,1431-1933. - Contributions to Economics,.

Methodological Principles and an Epistemological Introduction -- The Rational Expectations Hypothesis as a Key Element of New Classical Macroeconomics -- The World View of New Classical Macroeconomics -- Monetary Policy in the New Classical Framework -- Fiscal Policy and New Classical Macroeconomics -- Economic Policy Consequences.

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 theory of Keynes, Friedman or Phelps. Radicalism of new classical macroeconomics has brought fundamental changes in economic thought, but the doctrines got vulgarized and distorted thanks to the mass of followers. Nowadays, economic theory and policy, trying to find their ways, have a less clear relationship than ever. Therefore, this volume is aimed at mapping and reconsidering the policy instruments and transmission mechanisms offered by the new classicals. Its central question points to the real nature of new classical macroeconomics: what consequences are grounded by the assumptions new classicals used. Moreover, issues raised by automatic fiscal stabilizers and fiscal reforms are analyzed as well, even if they were out of the range of classical texts. The book draws a picture of new classical macroeconomics stressing the analogies with Keynesian countercyclical policies, instead of the discrepancies commonly held.

ISBN: 9783319175782

Standard No.: 10.1007/978-3-319-17578-2doiSubjects--Topical Terms:

554837
Macroeconomics.

LC Class. No.: HB172.5

Dewey Class. No.: 339

The Theory of New Classical Macroeconomics = A Positive Critique /
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