Rational expectations and the end of macroeconomics

Descripción del Articulo

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...

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Detalles Bibliográficos
Autor: Wallace, Neil
Formato: artículo
Fecha de Publicación:1996
Institución:Universidad del Pacífico
Repositorio:Revistas - Universidad del Pacífico
Lenguaje:español
OAI Identifier:oai:ojs.revistas.up.edu.pe:article/431
Enlace del recurso:https://revistas.up.edu.pe/index.php/apuntes/article/view/431
Nivel de acceso:acceso abierto
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spelling Rational expectations and the end of macroeconomicsLas expectativas racionales y el fin de la macroeconomíaWallace, NeilThe 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.Universidad del Pacífico1996-11-11info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://revistas.up.edu.pe/index.php/apuntes/article/view/43110.21678/apuntes.38.431Apuntes. Social Sciences Journal; Apuntes 38; 3-9Apuntes. Revista de ciencias sociales; Apuntes 38; 3-92223-17570252-1865reponame:Revistas - Universidad del Pacíficoinstname:Universidad del Pacíficoinstacron:UPspahttps://revistas.up.edu.pe/index.php/apuntes/article/view/431/433Derechos de autor 2017 Apunteshttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessoai:ojs.revistas.up.edu.pe:article/4312018-04-03T17:51:31Z
dc.title.none.fl_str_mv Rational expectations and the end of macroeconomics
Las expectativas racionales y el fin de la macroeconomía
title Rational expectations and the end of macroeconomics
spellingShingle Rational expectations and the end of macroeconomics
Wallace, Neil
title_short 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_sort Rational expectations and the end of macroeconomics
dc.creator.none.fl_str_mv Wallace, Neil
author Wallace, Neil
author_facet Wallace, Neil
author_role author
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.
publishDate 1996
dc.date.none.fl_str_mv 1996-11-11
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.up.edu.pe/index.php/apuntes/article/view/431
10.21678/apuntes.38.431
url https://revistas.up.edu.pe/index.php/apuntes/article/view/431
identifier_str_mv 10.21678/apuntes.38.431
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.up.edu.pe/index.php/apuntes/article/view/431/433
dc.rights.none.fl_str_mv Derechos de autor 2017 Apuntes
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Derechos de autor 2017 Apuntes
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad del Pacífico
publisher.none.fl_str_mv Universidad del Pacífico
dc.source.none.fl_str_mv Apuntes. Social Sciences Journal; Apuntes 38; 3-9
Apuntes. Revista de ciencias sociales; Apuntes 38; 3-9
2223-1757
0252-1865
reponame:Revistas - Universidad del Pacífico
instname:Universidad del Pacífico
instacron:UP
instname_str Universidad del Pacífico
instacron_str UP
institution UP
reponame_str Revistas - Universidad del Pacífico
collection Revistas - Universidad del Pacífico
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repository.mail.fl_str_mv
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Rational expectations and the end of macroeconomics
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