Asset Markets, Portfolio Choice and Macroeconomic Activity
T. Asada; P. Flaschel; Tarik Mouakil; Christian Proaño
Palgrave Macmillan
2011
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This book extends the KMG framework (Keynes, Meltzer, Goodwin) and focuses on financial issues. It integrates Tobin's macroeconomic portfolio approach and emphasizes the issue of stock-flow consistency.
