Asset Accumulation and Economic Activity
Reflections on Contemporary Macroeconomic Theory
116 pages
|
© 1980
In this work James Tobin discusses two major issues of macroeconomics: the strength of automatic market forces in maintaining full employment equilibrium and the efficacy of government fiscal and monetary policies in stabilizing the economy.
Contents
Preface
Introduction
I. Real Balance Effects Reconsidered
II. Policies, Expectations, and Stabilization
III. Government Deficits and Capital Accumulation
IV. Portfolio Choice and Asset Accumulation
Index
Introduction
I. Real Balance Effects Reconsidered
II. Policies, Expectations, and Stabilization
III. Government Deficits and Capital Accumulation
IV. Portfolio Choice and Asset Accumulation
Index
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