From Keynesianism to Monetarism : the evolution of UK macroeconometric models / Peter Kenway.

Format:

Book

Author/Creator:

Kenway, Peter.

Language:

English

Subjects (All):

Keynesian economics.

Chicago school of economics.

Great Britain--Economic policy--1964-1979--Econometric models.

Great Britain.

Great Britain--Economic policy--1979-1997--Econometric models.

Physical Description:

1 online resource (222 p.)

Edition:

1st ed.

Place of Publication:

London ; New York : Routledge, 1994.

Language Note:

English

Summary:

Long-term unemployment, which Keynesianism seemed to have banished, is again at the top of the political agenda. Understanding why Keynesianism gave way to monetarism two decades ago has therefore assumed a new urgency. Peter Kenway explains the change from Keynesianism to Monetarism in Britain in the 1970s through the studies of the evolution of the macroeconometric models of the UK economy. The models were the creations of some of the leading academic economists who sought to influence - and often alter radically - the conduct of economic policy in Britain from the late 1960s onwards. These models, and the extensive documentation surrounding them, form a source of information which provides insight into the arguments behind the policies that were proposed.

Contents:

Intro

TITLE

COPYRIGHT

CONTENTS

FIGURES

TABLES

ACKNOWLEDGEMENTS

Part I. UK MACROECONOMETRIC MODELS

1. WHY STUDY MACROECONOMETRIC MODELS?

2. MACROECONOMETRIC MODELS

Part II. THE RISE AND FALL OF THE KEYNESIAN INCOME - EXPENDITURE MODEL

3. KEYNESIAN DEMAND MANAGEMENT

4. KEYNESIAN 'NORMAL SCIENCE'

5. KEYNESIAN REFORM

6. KEYNESIAN CRISIS

7. KEYNESIAN DEMISE

Part III. EVALUATION AND CRITIQUE

8. THE TURN TO THE LONG-RUN (1)

9. THE TURN TO THE LONG-RUN (2)

10. CAN WE RETURN TO KEYNESIANISM?

NOTES

REFERENCES

INDEX.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 200-205) and index.

ISBN:

0-203-98418-8

OCLC:

70766089