“Asset Accumulation and Economic Activity”
E790042
“Asset Accumulation and Economic Activity” is an influential economic work by James Tobin that develops his theories on portfolio choice, capital accumulation, and their implications for macroeconomic dynamics and policy.
All labels observed (1)
| Label | Occurrences |
|---|---|
| “Asset Accumulation and Economic Activity” canonical | 1 |
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
economic book
ⓘ
monograph ⓘ scholarly work ⓘ |
| analyzes |
effects of fiscal policy on capital accumulation
ⓘ
effects of monetary policy on asset composition ⓘ firm investment decisions ⓘ household portfolio decisions ⓘ |
| author | James Tobin NERFINISHED ⓘ |
| citedBy |
literature on monetary transmission mechanisms
ⓘ
research on Tobin’s q ⓘ studies of wealth effects on aggregate demand ⓘ |
| contributionTo |
integration of finance and macroeconomics
ⓘ
theory of investment under uncertainty ⓘ understanding of links between wealth and consumption ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| developsTheoryOf |
asset demand
ⓘ
capital formation ⓘ interaction between financial markets and real activity ⓘ portfolio balance ⓘ |
| emphasizes |
importance of portfolio composition for aggregate demand
ⓘ
role of asset markets in macroeconomic adjustment ⓘ substitution among assets in response to policy changes ⓘ |
| field |
financial economics
ⓘ
macroeconomics ⓘ monetary economics ⓘ |
| hasPerspective | Keynesian NERFINISHED ⓘ |
| influenced |
macroeconomic models with financial frictions
ⓘ
policy analysis of monetary transmission through asset markets ⓘ subsequent research on portfolio balance models ⓘ |
| influencedBy |
Keynesian economics
NERFINISHED
ⓘ
modern portfolio theory NERFINISHED ⓘ |
| language | English ⓘ |
| mainSubject |
capital accumulation
ⓘ
economic policy ⓘ macroeconomic dynamics ⓘ portfolio choice ⓘ |
| notableFor |
linking portfolio choice to economic activity
ⓘ
systematic treatment of asset accumulation in macro models ⓘ |
| proposesConcept | relationship between asset prices and investment ⓘ |
| theoreticalFramework |
Tobin’s q theory of investment
ⓘ
portfolio selection theory ⓘ |
| usedIn | graduate-level economics education ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.