Cover image for Asset accumulation and economic activity : reflections on contemporary macroeconomic theory
Title:
Asset accumulation and economic activity : reflections on contemporary macroeconomic theory
Author:
Tobin, James, 1918-2002.
Personal Author:
Publication Information:
Chicago : University of Chicago Press, 1980.
Physical Description:
xv, 99 pages : illustrations ; 23 cm.
Language:
English
Subject Term:
ISBN:
9780226805016
Format :
Book

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HB171 .T6 Adult Non-Fiction Central Closed Stacks-Non circulating
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Summary

Summary

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.


Table of 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