Biblioteca Digital de VanguardiaRational expectations and the end of macroeconomics
The author discusses the impact of expectations on the "style of theorizing about macroeconomics". He states that one might almost say that the style associated with Keynes and his General Theory had ended. Static models based on relationships between aggregates and prices would be replace...
| Autor principal: | |
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | Español |
| Publicado: |
Universidad del Pacífico
1996
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| Acceso en línea: | https://revistas.up.edu.pe/index.php/apuntes/article/view/431 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52762 |
| _version_ | 1782335326820237312 |
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| author | Wallace, Neil |
| author_facet | Wallace, Neil |
| author_sort | Wallace, Neil |
| collection | Repositorio |
| description | The author discusses the impact of expectations on the "style of theorizing about macroeconomics". He states that one might almost say that the style associated with Keynes and his General Theory had ended. Static models based on relationships between aggregates and prices would be replaced by models capable of taking into account -thanks to reasonable expectations- the temporary applicability of economic decisions and the need to design micro-economic balances across the board. The author concludes by suggesting a number of guidelines for designing better curriculums for university economics study. |
| format | info:eu-repo/semantics/article |
| id | clacso-CLACSO52762 |
| institution | CLACSO, Repositorio Digital |
| language | Español |
| publishDate | 1996 |
| publisher | Universidad del Pacífico |
| record_format | greenstone |
| spelling | clacso-CLACSO527622022-03-17T18:47:54Z Rational expectations and the end of macroeconomics Las expectativas racionales y el fin de la macroeconomía Wallace, Neil The author discusses the impact of expectations on the "style of theorizing about macroeconomics". He states that one might almost say that the style associated with Keynes and his General Theory had ended. Static models based on relationships between aggregates and prices would be replaced by models capable of taking into account -thanks to reasonable expectations- the temporary applicability of economic decisions and the need to design micro-economic balances across the board. The author concludes by suggesting a number of guidelines for designing better curriculums for university economics study. En el presente texto, el autor diserta sobre el impacto de las expectativas en el "estilo de teorizar la macroeconomía". Afirma que puede llegar a hablarse del fin del estilo asociado a Keynes y su Teoría general. Los modelos estáticos de relaciones entre agregados y precios serían desplazados por modelos capaces de considerar -gracias a las expectativas racionales- la inter-temporalidad de las decisiones en economía y la necesidad de formular equilibrios microeconómicos generales. A partir de sus reflexiones, el autor concluye algunas pautas para la formulación de 111ejorcs currículos en las facultades de economía. 1996-11-11 2022-03-17T18:47:54Z 2022-03-17T18:47:54Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://revistas.up.edu.pe/index.php/apuntes/article/view/431 10.21678/apuntes.38.431 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52762 spa https://revistas.up.edu.pe/index.php/apuntes/article/view/431/433 Derechos de autor 2017 Apuntes http://creativecommons.org/licenses/by/4.0 application/pdf Universidad del Pacífico Apuntes. Social Sciences Journal; Apuntes 38; 3-9 Apuntes. Revista de ciencias sociales; Apuntes 38; 3-9 2223-1757 0252-1865 |
| spellingShingle | Wallace, Neil Rational expectations and the end of macroeconomics |
| title | Rational expectations and the end of macroeconomics |
| title_full | Rational expectations and the end of macroeconomics |
| title_fullStr | Rational expectations and the end of macroeconomics |
| title_full_unstemmed | Rational expectations and the end of macroeconomics |
| title_short | Rational expectations and the end of macroeconomics |
| title_sort | rational expectations and the end of macroeconomics |
| url | https://revistas.up.edu.pe/index.php/apuntes/article/view/431 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52762 |