All Outputs (8)

Reacting to the Lucas critique: The Keynesians’ replies (2019)
Journal Article

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.

From the Lucasian revolution to DSGE models: An account of recent developments in macroeconomic modelling (2017)
Journal Article

PHD THESIS SUMMARY. From the Lucasian revolution to DSGE models: an account of recent developments in macroeconomic modelling

The standard narrative on history of macroeconomics: Central banks and DSGE models (2017)
Presentation / Conference Contribution

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

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.

Rebuilding "Time to Build": A history of the real business cycle models (2015)
Journal Article

A review essay on Warren Young, Real Business Cycle Models in Economics, London: Routledge, 2014, xv + 184 pages. ISBN 9780415475693

Robert Lucas and the twist of modeling methodology. On some econometric methods and problems in New Classical macroeconomics
Preprint / Working Paper

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.

DSGE models and the Lucas Critique. A historical appraisal
Preprint / Working Paper

This contribution to the history of the economic thought aims at describing how “Econometric Policy Evaluation: A Critique” (Lucas, 1976) has been interpreted through four decades of debates. This historical appraisal clarifies how Lucas’s argument i... Read More about DSGE models and the Lucas Critique. A historical appraisal.

Reacting to the Lucas Critique: The Keynesians' pragmatic replies
Preprint / Working Paper

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.