论文标题
宏观经济学家如何失去对稳定政策的控制:迈向黑暗时代
How Macroeconomists Lost Control of Stabilization Policy: Towards Dark Ages
论文作者
论文摘要
本文是对1948年至1975年宏观经济稳定政策的负面反馈对数学工具移植的历史的研究,随后在1975年至1993年间使用控制控制稳定政策的破坏了。新经典宏观经济经济学家选择了对控制规则的支持,这些工具有利于对违反稳定政策的支持。卢卡斯的批评,凯德兰和普雷斯科特的时间弥补是过度陈述,导致了稳定稳定的思想的“黑暗时代”。泰勒规则成功后,这些过度陈述后来进行了修订。
This paper is a study of the history of the transplant of mathematical tools using negative feedback for macroeconomic stabilization policy from 1948 to 1975 and the subsequent break of the use of control for stabilization policy which occurred from 1975 to 1993. New-classical macroeconomists selected a subset of the tools of control that favored their support of rules against discretionary stabilization policy. The Lucas critique and Kydland and Prescott's time-inconsistency were over-statements that led to the "dark ages" of the prevalence of the stabilization-policy-ineffectiveness idea. These over-statements were later revised following the success of the Taylor rule.