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Asset markets, portfolio choice and macroeconomic activity : a Keynesian perspective

Author: Toichiro Asada; Palgrave Connect (Online service)
Publisher: New York : Palgrave Macmillan, 2011.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This book investigates, from a Keynesian perspective, the interaction of effective demand with the wage-price spiral, the dependence of goods market outcomes on financial markets, and the impact of monetary policy on financial and real markets. These issues are discussed by way of rigorously formulated approaches that lay foundations for a theory of endogenously generated business fluctuations. The material is  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Asset markets, portfolio choice and macroeconomic activity.
New York : Palgrave Macmillan, 2011
(DLC) 2011004356
(OCoLC)692287793
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Toichiro Asada; Palgrave Connect (Online service)
ISBN: 9780230307773 0230307779 9780230310063 0230310060 1283159422 9781283159425
OCLC Number: 732621568
Description: 1 online resource
Contents: General Introduction --
Advances in AS-AD Model Building: Real Disequilibria and Portfolio Choices --
Tobinian Stock-Flow Interactions in the KMG Framework --
Analysis and Policy Implications of the KMG-Tobin Model --
Introducing Tobinian Stock-Flow Interactions into the Mundell-Fleming Model --
Two Extensions of the Mundell-Fleming-Tobin Model --
Fiscal and Monetary Policy, Stocks, and the Term Structure of Interest Rates.
Responsibility: Toichiro Asada [and others].

Abstract:

This book extends the KMG framework (Keynes, Meltzer, Goodwin) and focuses on financial issues. It integrates Tobin's macroeconomic portfolio approach and emphasizes the issue of stock-flow  Read more...

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