Banca de QUALIFICAÇÃO: ALLYSON RAFAEL DE ALMEIDA GOIS

Uma banca de QUALIFICAÇÃO de MESTRADO foi cadastrada pelo programa.
DISCENTE : ALLYSON RAFAEL DE ALMEIDA GOIS
DATA : 14/10/2020
HORA: 14:30
LOCAL: São Bernardo do Campo (por videoconferência)
TÍTULO:

Back to the front: the debate on the new macroeconomic consensus in the post crisis

PÁGINAS: 53
GRANDE ÁREA: Ciências Sociais Aplicadas
ÁREA: Economia
SUBÁREA: Teoria Econômica
ESPECIALIDADE: História do Pensamento Econômico
RESUMO:

The 1970s were marked by a deep split in macroeconomic research. The pax signed around the neoclassical synthesis gave rise place to an intense substantive and methodological dispute, opposing traditional Keynesians and new classics. Substantively, these schools of thought differed on the nature of the trade off between unemployment and inflation and the role of monetary policy. Methodologically, they differed over the place of micro-foundations and realism in models. Robert Lucas was one of the main important architects of the new methodological standard. His microfoundation strategy was inspired by Walras. He assumed that the equilibrium, more than a fundamental hypothesis, would be a discipline pursued by economists. In the 1980s, the Lucas’s standard was incorporated into the real business cycle research. In the most purist version of these models, derived without any reference to nominal shocks, the Lucas’s program reached its peak. In that same decade, traditional Keynesianism would reincarnate in a body of microfounded musculature, claiming the presence of premises such as price rigidity.  When macroeconomists returned to grafting Keynesian assumptions into models developed by theorists of real business cycles, macroeconomic research converged, once again, on a common agenda. Once the new consensus was proclaimed, both sides were able to claim victory. In the 2000s, modern macroeconomics reaped the laurels of Great Moderation and boasted of shaping economic policy. But it was not long before the open flanks of the new consensus were exposed. Having surprised many economists, the 2008 financial crisis has shaken the reputation of economic science and has given rise to new dissent and the resurgence of old ones. At the heart of the criticism is the simplicity with which the models of the new synthesis - the so-called DSGEs - deal with the credit market and the connections between finance and the real economy, something that even the leaders of the new consensus are not reluctant to recognize. The discussion about the type of simplification adopted by the models also reappears - whether it makes sense or not to abstract those mechanisms that provide answers about the deepest fluctuations in economic activity. Some criticisms are aimed at rebuilding the discipline. In the articles written by Joseph Stiglitz, the criticism even condemns DSGEs models in the same terms that the new classics condemned the new neoclassical synthesis. Other criticisms seek a compromise, recognizing the need for more than one type of model, as long as the space for DSGEs is preserved. This is the case of Olivier Blanchard, one of the heralds of self-criticism.

MEMBROS DA BANCA:
Presidente - Interno ao Programa - 1147580 - DANILO FREITAS RAMALHO DA SILVA
Membro Titular - Examinador(a) Interno ao Programa - 344365 - RAMON VICENTE GARCIA FERNANDEZ
Membro Titular - Examinador(a) Externo à Instituição - ALEXANDRE FLÁVIO SILVA ANDRADA - UNB
Membro Suplente - Examinador(a) Interno ao Programa - 2187282 - MANUEL RAMON SOUZA LUZ
Membro Suplente - Examinador(a) Interno ao Programa - 2206863 - PATRICIA HELENA FERNANDES CUNHA