EconStor >
University of California (UC) >
UC Davis, Department of Economics >
Working Papers, Department of Economics, UC Davis >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/31327
  
Title:A NeoWicksellian in a new classical world: the methodology of Michael Woodford's Interest and Prices PDF Logo
Authors:Hoover, Kevin D.
Issue Date:2004
Series/Report no.:Working papers // University of California, Department of Economics 06,5
Abstract:WoodfordÂ’s Interest and Prices is considered from a methodological point of view. While innovative as a work of macroeconomic theory, it is decidedly in the mainstream methodologically. As such, it provides a good example of the methodological puzzles posed by modern macroeconomics: first, the notion that representative-agent models (or models with very constrained sorts of heterogeneous agents) provide genuine microfoundations; second, the idea that Paretian welfare economics in the context of such models gives any useful policy guidance.
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, UC Davis

Files in This Item:
File Description SizeFormat
508643740.pdf105.19 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/31327

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.