Théories réelles versus monétaires des cycles d'équilibre
Muriel Dal-Pont Legrand () and
Harald Hagemann
Additional contact information
Muriel Dal-Pont Legrand: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Muriel DAL PONT LEGRAND
Post-Print from HAL
Abstract:
After dominance of growth theory for more than two decades, business-cycle theory entered centre stage again in the 1970s. Different attempts, by various authors, have tried to connect these modern contributions to the interwar debates: from Lucas (1977), quoting Hayek on the challenge to incorporate cyclical phenomena into the system of economic equilibrium theory, to Plosser (1989) defending a purely real approach to business cycles from a methological point of view. Plosser also referred to Hicks's position in his controversy with Hayek on the fundamental nature of fluctuations. Despite the success of the modern literature in providing an Equilibrium Business Cycle theory, at first sight it seems that the same (old) debate confronting real versus monetary approaches is still there. A closer inspection shows that the modern tools deeply affected the nature of the arguments. The purpose of this paper is to examine the differences between the interwar and the modern debates on how economic theory deals with fluctuations.
Keywords: Real Business Cycles theory; Equilibrium Business Cycles theory.; Théorie des Cycles Réels; Théories des Cycles d'Equilibre (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)
Published in Revue Française d'Economie, 2010, XXIV (avril 2010), pp.189-229
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
Journal Article: Théories réelles versus monétaires des cycles d’équilibre (2010) 
Journal Article: Théories réelles versus monétaires des cycles d'équilibre (2009) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00484077
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().