Asset Accumulation and Economic Activity

Reflections on Contemporary Macroeconomic Theory

James Tobin

Asset Accumulation and Economic Activity
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James Tobin

116 pages | © 1980
Paper $15.00 ISBN: 9780226805023 Published August 1982 Not for sale in the British Commonwealth except Canada
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.
I. Real Balance Effects Reconsidered
II. Policies, Expectations, and Stabilization
III. Government Deficits and Capital Accumulation
IV. Portfolio Choice and Asset Accumulation
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