Title: Money, macroeconomics, and economic policy : essays in honor of James Tobin /
Authors: Tobin, James, 1918-2002.; Brainard, William C.; Nordhaus, William D.; Watts, Harold W.
Publisher: MIT Press,
Year: 1991
Subjects: Macroeconomics Congresses.; International economic relations Congresses; Finance Congresses; Economic policy Congresses.
Contents: Introduction : James Tobin's contributions to economics / Douglas D. Purvis -- Tobin on money wages and employment / Robert M. Solow. Comment / Harold W. Watts -- How large are the losses from rule-of-thumb behavior in models of the business cycle? / George A. Akerlof and Janet L. Yellen -- Debt neutrality, redistribution, and consumer heterogeneity : a survey and some extensions / Willem H. Buiter. Comment / Steven N. Durlauf -- Effectiveness of macropolicies in small open-economy dynamic aggregative models / Edmund S. Phelps. Comment / Jerome L. Stein -- Toward an international commodity standard? / Richard N. Cooper. Comment / Koichi Hamada -- Long-run risk tolerance when equity returns are mean regressing : pseudoparadoxes and vindication of "businessman's risk" / Paul A. Samuelson. Comment / Harry M. Markowitz.