Titlebook: Asset Markets, Portfolio Choice and Macroeconomic Activity; A Keynesian Perspect Toichiro Asada,Peter Flaschel,Christian Proa?o Book 2011 P

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Fiscal and Monetary Policy, Stocks and the Term Structure of Interest Rates,n the simplest way possible (the latter can lead to implausible comparative static results compared to its disequilibrium formulation in the case when income distribution matters on the market for goods).

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Form der wissenschaftlichen Ausarbeitunge next section analyses the dynamical behaviour of the system when it is displaced from its steady state position, but still remains in a neighbourhood of the steady state. Conclusions are drawn in the final section.

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Analysis and Policy Implications of the KMG-Tobin Model,e next section analyses the dynamical behaviour of the system when it is displaced from its steady state position, but still remains in a neighbourhood of the steady state. Conclusions are drawn in the final section.

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Tobinian Stock-Flow Interactions in the KMG Framework,nt budget constraint — is suppressed via a suitably chosen taxation rule such that there is no interest income effect on asset holders’ consumption. The only financial market used to influence the real side of the economy is the money market (providing an LM curve theory of interest) through the neg

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Asset Markets, Portfolio Choice and Macroeconomic ActivityA Keynesian Perspect

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Asset Markets, Portfolio Choice and Macroeconomic Activity978-0-230-30777-3

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Form der wissenschaftlichen Ausarbeitungnt budget constraint — is suppressed via a suitably chosen taxation rule such that there is no interest income effect on asset holders’ consumption. The only financial market used to influence the real side of the economy is the money market (providing an LM curve theory of interest) through the neg

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Form der wissenschaftlichen Ausarbeitungn of the Keynes-Metzler-Goodwin (KMG) model of Chiarella and Flaschel (2000a) and its aim is to improve the financial side of the latter. In the KMG model, three asset markets are considered (equities, bonds and money) but they are depicted in a rudimentary way and have little influence on the real