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La théorie et la modélisation macroéconomiques, d'hier à aujourd'hui

Author

Listed:
  • Michel de Vroey

    (UCL IRES - Institut de recherches économiques et sociales - UCL - Université Catholique de Louvain = Catholic University of Louvain)

  • Pierre Malgrange

    (UCL IRES - Institut de recherches économiques et sociales - UCL - Université Catholique de Louvain = Catholic University of Louvain, PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

Abstract

An outline of the evolution from the birth up to present days of the macroeconomics is laid out, its emergence during the thirties, then the period of the domination of the Keynesian macroeconomics of the years 1950 to 1970. The following stage of the evolution has been the attack from Milton Friedman and Robert Lucas against Keynesian macroeconomics. We consider the works of these authors deserve the label of a "scientific revolution à la Kuhn", with the emergence of the dynamic and stochastic macroeconomics. Associated with this, the focus of macroeconomics has shifted. Themes linked to market failures, and especially to unemployment disappear, in favour of cycle and growth analysis, these last being studied from the postulate of efficient working of the system. These last years have seen the emergence of a "New Neoclassical Synthesis" mimicking the old synthesis in combining keynesian and classical elements, while adopting the new methodology of equilibrium discipline and of agents rational behaviour.

Suggested Citation

  • Michel de Vroey & Pierre Malgrange, 2006. "La théorie et la modélisation macroéconomiques, d'hier à aujourd'hui," PSE Working Papers halshs-00590316, HAL.
    • Handle: RePEc:hal:psewpa:halshs-00590316
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00590316
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    Citations

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    Cited by:

    1. Anne Epaulard & Jean-Pierre Laffargue & Pierre Malgrange, 2008. "La nouvelle modélisation macroéconomique appliquée à l'analyse de la conjoncture et à l'évaluation des politiques : les modèles dynamiques stochastiques d'équilibre général (DSGE)," Post-Print halshs-00270900, HAL.
    2. Tsasa Vangu, Jean-Paul Kimbambu, 2014. "Diagnostic de la politique monétaire en Rép. Dém. Congo – Approche par l’Equilibre Général Dynamique Stochastique," Dynare Working Papers 38, CEPREMAP.
    3. Pierre Malgrange & Jean-Pierre Laffargue & Anne Epaulard, 2008. "La modélisation macroéconomique DSGE. Présentation générale," Économie et Prévision, Programme National Persée, vol. 183(2), pages 1-13.

    More about this item

    Keywords

    macroeconomic models; neoclassical synthesis; new clasical economics; modèles macroéconomiques; synthèse néoclassique; nouvelle économie classique;
    All these keywords.

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models

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