Asset Markets, Portfolio Choice and Macroeconomic Activity: A Keynesian Perspective By Toichiro Asadra, Peter Flaschel, Tarik Mouakil & Christian Proaño

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Asset Markets, Portfolio Choice and Macroeconomic Activity: A Keynesian Perspective

by T. Asada (Author), P. Flaschel (Author), Tarik Mouakil (Author), Christian Proaño (Author)

This book builds on the KMG framework (Keynes, Meltzer, Goodwin) while placing a stronger focus on financial topics. It incorporates Tobin’s macroeconomic portfolio theory and highlights the importance of maintaining stock-flow consistency throughout the analysis.

About the Author

TOICHIRO ASADA is a Professor of Economics at Chuo University in Tokyo, Japan. His areas of expertise include Macroeconomic Dynamic Theory and business cycle analysis. He has authored several books and numerous articles on dynamic macroeconomics, published in both English and Japanese. He has also served as a visiting scholar or professor at the New School for Social Research in New York, Bielefeld University in Germany, and the University of Technology Sydney.

PETER FLASCHEL is Professor Emeritus at Bielefeld University in Germany. His research spans dynamic macroeconomics, microeconomics, and classical theories of value and price. He has written over twenty books and numerous academic papers. In 2006, he was appointed Theodor Heuss Professor at the New School for Social Research, and in 2007/08, he received an Opus Magnum Grant from the Fritz Thyssen / Volkswagen Foundations.

TARIK MOUAKIL works as a Research Associate at the Centre for Financial Analysis and Policy at the University of Cambridge. He earned his PhD from the University of Bordeaux in France. His research focuses on Monetary Economics, Financial Keynesianism, and macroeconomic modeling techniques.

CHRISTIAN PROAÑO is an Assistant Professor of Economics at the New School for Social Research in New York, USA. He completed his doctorate in economics at Bielefeld University, Germany, in 2008. Between 2008 and mid-2010, he was a research economist at the Macroeconomic Policy Institute (IMK) in Düsseldorf, Germany. His main interests are monetary policy and international finance.

Product details

Publisher ‏: ‎Palgrave Macmillan; 1st edition, 2011 (January 1, 2011)
Language ‏: ‎English