Skip to main content

Research Repository

Advanced Search

An agenda without a plan: Robert E Lucas’s trajectory through the public debate (2019)
Journal Article
Goutsmedt, A., Guizzo, D., & Sergi, F. (2019). An agenda without a plan: Robert E Lucas’s trajectory through the public debate

This article explores Robert E. Lucas’s policy agenda and his engagement with the public debate between the late 1960s and late 1980s. It investigates how he interacted with the public debate by envisioning key principles of his macroeconomic theory... Read More about An agenda without a plan: Robert E Lucas’s trajectory through the public debate.

Reacting to the Lucas critique: The Keynesians’ replies (2019)
Journal Article
Goutsmedt, A., Pinzón-Fuchs, E., Renault, M., & Sergi, F. (2019). Reacting to the Lucas critique: The Keynesians’ replies. History of Political Economy, 51(3), 535-556. https://doi.org/10.1215/00182702-7551912

In 1976, Robert Lucas explicitly criticized Keynesian macroeconometric models for their inability to correctly predict the effects of alternative economic policies. Today, most contemporary macroeconomists and some historians of economics consider th... Read More about Reacting to the Lucas critique: The Keynesians’ replies.

The standard narrative on history of macroeconomics: Central banks and DSGE models (2017)
Presentation / Conference
Sergi, F. (2017, June). The standard narrative on history of macroeconomics: Central banks and DSGE models. Paper presented at History of Economics Society 45th Annual Meeting

How do macroeconomists write the history of their own discipline? This article provides a careful reconstruction of the history of macroeconomics told by the practitioners working today in the dynamic stochastic general equilibrium (DSGE) approach.... Read More about The standard narrative on history of macroeconomics: Central banks and DSGE models.

A review (and a comment) on Michel De Vroey's history of macroeconomics (2016)
Journal Article
Sergi, F. (2016). A review (and a comment) on Michel De Vroey's history of macroeconomics

Review essay on Michel De Vroey, A History of Macroeconomics from Keynes to Lucas and Beyond, Cambridge: Cambridge University Press, 2015, 445 pages, ISBN: 9781107584945.

Reacting to the Lucas Critique: The Keynesians' pragmatic replies
Working Paper
Goutsmedt, A., Pinzon-Fuchs, E., Renault, M., & Sergi, F. (2017). Reacting to the Lucas Critique: The Keynesians' pragmatic replies

We illustrate how the Lucas Critique was called into question by Keynesian macroeconomists during the 1970s and 1980s. Our claim is that Keynesians' reactions were carried out from a pragmatic approach, which addressed the empirical and practical rel... Read More about Reacting to the Lucas Critique: The Keynesians' pragmatic replies.

Robert Lucas and the twist of modeling methodology. On some econometric methods and problems in New Classical macroeconomics
Working Paper
Sergi, F. (2015). Robert Lucas and the twist of modeling methodology. On some econometric methods and problems in New Classical macroeconomics

The purpose of this contribution to the epistemology and history of recent macroeconomics is to construct a clear understanding of econometric methods and problems in New Classical macroeconomics. Most historical literature has focused (so far) on... Read More about Robert Lucas and the twist of modeling methodology. On some econometric methods and problems in New Classical macroeconomics.


;