Economics Dictionary of ArgumentsHome
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| Monetary policy: Monetary policy is the set of tools used by a central bank to influence the money supply and interest rates in an economy. The goal of monetary policy is to achieve macroeconomic objectives such as price stability, full employment, and economic growth. See also Central bank, Money supply, Monetarism, Economic growth, Interest rates, Macroeconomics._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
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James Tobin on Monetary Policy - Dictionary of Arguments
Mause I 225 Monetary Policy/Tobin: Market participants have a wealth of different investment opportunities for their assets. (1) However, the portfolio theoretical transmission process calls into question the high substitutability between the individual asset classes. (...) This restricts the effectiveness of monetary policy.(2) >Stock market, >Markets. 1. James Tobin, “The Interest Elasticity of the Transactions Demand for Cash”. Review of Economics and Statistics. 38 (3), 1956, S. 241– 247. 2. Duwendag, Dieter, Karl-Heinz Ketterer, Wim Kösters, Rüdiger Pohl, und Diethard B. Simmert. Geldtheorie und Geldpolitik. Eine problemorientierte Einführung mit einem Kompendium monetärer Fachbegriffe, Berlin/ Heidelberg 1999._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. "Vs" indicates differences in content, not necessarily the chronological progression of a controversy. If a German edition is specified, the page numbers refer to this edition. |
EconTobin I James Tobin The Interest Elasticity of the Transactions Demand for Cash 1956 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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