マクロ経済理論:閉鎖・開放経済における景気変動、インフレと経済成長(第2版)
Macroeconomic Theory
Fluctuations, Inflation and Growth in Closed and Open Economies
Springer Texts in Business and Economics
Barbosa, Fernando de Holanda
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The most important change in the second edition is Chapter 7, which presents six models of fluctuation, three from the Keynesian agenda and three from the Lucas agenda. The models of Lucas agenda have micro foundations but do not square with the facts. The models of the Keynesian agenda are consistent with data but do not endure Lucas’s critique. This chapter sketches a model that can solve this puzzle.