1st Edition

From Keynesianism to Monetarism (Routledge Revivals)
The evolution of UK macroeconometric models




ISBN 9780415612395
Published January 25, 2012 by Routledge
212 Pages

USD $62.95

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Book Description

Originally published in 1994, this book, divided into three parts, examines macroeconomic models in a non-technical way. Part I discusses the importance of macroeconomic modelling; Part II examines the rise and fall of Keynesian income-expenditure models; and part III evaluates the evidence and presents a critique of how we can learn from these models now and in the future.

Table of Contents

Part I UK macroeconomic models  1. Why study macroeconomic models?  2. Macroeconomic models: a panoramic view of their history  Part II The rise and fall of the Keynesian income-expenditure model  3. Keynsian demand management: the emergence of the model as the formalisation of a view  4. Keynesian 'normal science': the elaboration of the income-expenditure model  5. Keynesian reform: Kaldor's radical critique and the exchange-rate  6. Keynesian crisis: new Cambridge and the attack on short-term demand management  7. Keynesian demise: the rise of monetarism  Part III Evaluation and critique  8. The turn to the long-run (1): how soon is the long-run  9. The turn to the long-run (2): policies for the long-run  10. Can we return to keynesianism?

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