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The Resource Asset markets, portfolio choice and macroeconomic activity : A Keynesian perspective, Toichiro Asada ... [et al.], (electronic book ;)

Asset markets, portfolio choice and macroeconomic activity : A Keynesian perspective, Toichiro Asada ... [et al.], (electronic book ;)

Label
Asset markets, portfolio choice and macroeconomic activity : A Keynesian perspective
Title
Asset markets, portfolio choice and macroeconomic activity
Title remainder
A Keynesian perspective
Statement of responsibility
Toichiro Asada ... [et al.]
Contributor
Subject
Language
eng
Summary
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 consistency.
Member of
Cataloging source
UK-WkNB
Illustrations
illustrations
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
Asada, Toichiro
http://library.link/vocab/subjectName
  • Macroeconomics
  • Finance
  • Keynesian economics
  • Monetary policy
  • Investments
  • Capital market
  • Monetary policy
  • Macroeconomics
Summary expansion
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 presented on three levels of generality: an introductory level that motivates the theoretical approach, a research-oriented level that shows how the interaction of real with financial markets has to be modelled from an integrative Keynesian perspective, and an advanced textbook level that extends the traditional Keynesian approach to open economies. The main findings indicate that balanced growth in capitalist economies is unlikely due to changes in behavioural factors that drive the wage-price spiral and the financial markets. This book is essential reading for advanced level macroeconomic modules and for those interested in both traditional macroeconomics and the dominant neoclassical approach of the New Keynesians
Label
Asset markets, portfolio choice and macroeconomic activity : A Keynesian perspective, Toichiro Asada ... [et al.], (electronic book ;)
Instantiates
Publication
Bibliography note
Includes index
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
Control code
9780230307773
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9780230307773
Specific material designation
unspecified
Type of computer file
PDF.
Label
Asset markets, portfolio choice and macroeconomic activity : A Keynesian perspective, Toichiro Asada ... [et al.], (electronic book ;)
Publication
Bibliography note
Includes index
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
Control code
9780230307773
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9780230307773
Specific material designation
unspecified
Type of computer file
PDF.

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