The Friedman-Lucas Transition in Macroeconomics: A Structuralist Approach

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and historical aspects of macroeconomics and business-cycle modeling.Offers a wide selection of Robert Lucas’s unpublished worksDiscusses the history of business-cycle theories in the context of methodological advancementsSuggests effective arguments for emphasizing the key role of representative agents and their assumed properties in macro-modelingProduct details Page Numbers Source ISBN: 0128165650 Publisher: Academic Press; 1 edition (February 20, 2020) Publication Date: February 20, 2020