Asset Markets, Portfolio Choice and Macroeconomic Activity: A Keynesian Perspective by Toichiro Asada
English | ISBN 10: 0230290175 | 2011 | PDF | 152 pages | 1,6 MB

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.

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