04498nam 22007695 450 991029851540332120200920123223.03-319-17578-510.1007/978-3-319-17578-2(CKB)3710000000402862(EBL)2096860(SSID)ssj0001500797(PQKBManifestationID)11927804(PQKBTitleCode)TC0001500797(PQKBWorkID)11519894(PQKB)10394030(DE-He213)978-3-319-17578-2(MiAaPQ)EBC2096860(PPN)185490026(EXLCZ)99371000000040286220150423d2015 u| 0engur|n|---|||||txtccrThe Theory of New Classical Macroeconomics A Positive Critique /by Peter Galbács1st ed. 2015.Cham :Springer International Publishing :Imprint: Springer,2015.1 online resource (386 p.)Contributions to Economics,1431-1933Description based upon print version of record.3-319-17577-7 Includes bibliographical references.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.Contributions to Economics,1431-1933MacroeconomicsEconomic historyEconomic theoryEconomic policyPhilosophy and scienceMacroeconomics/Monetary Economics//Financial Economicshttps://scigraph.springernature.com/ontologies/product-market-codes/W32000History of Economic Thought/Methodologyhttps://scigraph.springernature.com/ontologies/product-market-codes/W28000Economic Theory/Quantitative Economics/Mathematical Methodshttps://scigraph.springernature.com/ontologies/product-market-codes/W29000Economic Policyhttps://scigraph.springernature.com/ontologies/product-market-codes/W34010Philosophy of Sciencehttps://scigraph.springernature.com/ontologies/product-market-codes/E34000Macroeconomics.Economic history.Economic theory.Economic policy.Philosophy and science.Macroeconomics/Monetary Economics//Financial Economics.History of Economic Thought/Methodology.Economic Theory/Quantitative Economics/Mathematical Methods.Economic Policy.Philosophy of Science.330330.1338.9339501Galbács Peterauthttp://id.loc.gov/vocabulary/relators/aut1064006BOOK9910298515403321The Theory of New Classical Macroeconomics2535886UNINA