Asset Accumulation and Economic Activity

Robert T. McGee · James G. Tobin

327 citations0/0 files storedSouthern Economic Journal

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Economic Theory and Policy Monetary Policy and Economic Impact Economic theories and models

Abstract

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.

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