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The Theory of New Classical Macroeconomics PDF
By:Peter Galbács
Published on 2016-10-09 by Springer

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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.

This Book was ranked at 21 by Google Books for keyword Macroeconomics.

Book ID of The Theory of New Classical Macroeconomics's Books is Zu1VvgAACAAJ, Book which was written byPeter Galbácshave ETAG "hlN1morfw34"

Book which was published by Springer since 2016-10-09 have ISBNs, ISBN 13 Code is 9783319361550 and ISBN 10 Code is 3319361554

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