The author discusses the impact of expectations on the “style of theorizing about macroeconomics“. He states that one might almost say that the style associated with Keynes and his General Theory had ended. Static models ...

As in other Latin American economies, in recent years, Peru has been experiencing a strong influx of foreign capital which, on the one hand has speeded up economic growth but, on the other, necessitated cautious monetary ...

Robert Lucas is the economist whose work has had the greatest impact on the development of macroeconomics in the present century. His contribution to macroeconomics is concentrated in three particular topics: the application ...