Expectations by Unknown

Author:Unknown
Language: eng
Format: epub
ISBN: 9783030413576
Publisher: Springer International Publishing

5 Conclusion

In his q theory of investment, in his analysis of money demand and portfolio choice, and in his investigation of macroeconomic instability, Tobin focused on expectations, expectations of returns on assets and of inflation. His analysis was informed by his close study of Keynes (1930, 1936) and Fisher (1997), two economists for whose work he felt a strong affinity and whose work often served as his starting point even when, as with Tobin (1958) on liquidity preference as behavior toward risk, he was quite prepared to significantly modify their approach.

References

Brainard, W. C., & Tobin, J. (1968). Pitfalls in financial model-building. American Economic Review: AEA Papers and Proceedings, 58(2), 99–122.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.