Confidence and alternative Keynesian methods ofasset choice

Detalhes bibliográficos
Autor(a) principal: Dequech Filho, David, 1963-
Data de Publicação: 2005
Tipo de documento: Artigo
Idioma: por
Título da fonte: Repositório da Produção Científica e Intelectual da Unicamp
Texto Completo: https://hdl.handle.net/20.500.12733/15590
Resumo: Agradecimentos: I would like to thank two anonymous referees for extremely valuable commentsand suggestions. Thanks are also in order to Andre 'Orle 'an and Olivier Favereau,who welcomed me as a visiting researcher at Cepremap-E 'cole Normale Supe 'r-ieure and Forum-Universite 'de Paris 10, where this article was completed. Finan-cial support from the National Research Council (CNPq) and the CAPESFoundation of the Brazilian Ministry of Education is also gratefullyacknowledged
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spelling Confidence and alternative Keynesian methods ofasset choiceKeynesian economicsCapitalArtigo originalEconomia keynesianaCapital (Economia)Agradecimentos: I would like to thank two anonymous referees for extremely valuable commentsand suggestions. Thanks are also in order to Andre 'Orle 'an and Olivier Favereau,who welcomed me as a visiting researcher at Cepremap-E 'cole Normale Supe 'r-ieure and Forum-Universite 'de Paris 10, where this article was completed. Finan-cial support from the National Research Council (CNPq) and the CAPESFoundation of the Brazilian Ministry of Education is also gratefullyacknowledgedAbstract: This article elaborates the analysis of asset choice proposed by Keynes and later adopted by Post Keynesians such as Paul Davidson and Hyman Minsky. The article incorporates the essential aspects of the theory of confidence presented in Dequech Citation(1999), first into an investigation of the relation between confidence and the liquidity premium and then into the broader theory of asset choice. Keynes considered two methods of determining planned investment expenditures: one method is based on the comparison between the marginal efficiency of capital and the interest rate; the other is based on the comparison between the demand price and the supply price of a particular capital good. Both methods can be generalized for asset choice, with investment as a particular case. The article refines and develops these two methods so as to specify more precisely the influence of confidence and speculation on the determination of liquidity premia and hence on the several assets' profitabilityCONSELHO NACIONAL DE DESENVOLVIMENTO CIENTÍFICO E TECNOLÓGICO - CNPQCOORDENAÇÃO DE APERFEIÇOAMENTO DE PESSOAL DE NÍVEL SUPERIOR - CAPESFechadoUNIVERSIDADE ESTADUAL DE CAMPINASDequech Filho, David, 1963-2005info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/20.500.12733/15590DEQUECH FILHO, David. Confidence and alternative Keynesian methods ofasset choice. Review of political economy. Abingdon. v. 17, n. 4, p. 533–547, Oct. 2005. Disponível em: https://hdl.handle.net/20.500.12733/15590. Acesso em: 7 mai. 2024.https://repositorio.unicamp.br/acervo/detalhe/1350830porreponame:Repositório da Produção Científica e Intelectual da Unicampinstname:Universidade Estadual de Campinas (UNICAMP)instacron:UNICAMPinfo:eu-repo/semantics/openAccess2024-02-28T11:28:47Zoai:https://www.repositorio.unicamp.br/:1350830Repositório InstitucionalPUBhttp://repositorio.unicamp.br/oai/requestreposip@unicamp.bropendoar:2024-02-28T11:28:47Repositório da Produção Científica e Intelectual da Unicamp - Universidade Estadual de Campinas (UNICAMP)false
dc.title.none.fl_str_mv Confidence and alternative Keynesian methods ofasset choice
title Confidence and alternative Keynesian methods ofasset choice
spellingShingle Confidence and alternative Keynesian methods ofasset choice
Dequech Filho, David, 1963-
Keynesian economics
Capital
Artigo original
Economia keynesiana
Capital (Economia)
title_short Confidence and alternative Keynesian methods ofasset choice
title_full Confidence and alternative Keynesian methods ofasset choice
title_fullStr Confidence and alternative Keynesian methods ofasset choice
title_full_unstemmed Confidence and alternative Keynesian methods ofasset choice
title_sort Confidence and alternative Keynesian methods ofasset choice
author Dequech Filho, David, 1963-
author_facet Dequech Filho, David, 1963-
author_role author
dc.contributor.none.fl_str_mv UNIVERSIDADE ESTADUAL DE CAMPINAS
dc.contributor.author.fl_str_mv Dequech Filho, David, 1963-
dc.subject.por.fl_str_mv Keynesian economics
Capital
Artigo original
Economia keynesiana
Capital (Economia)
topic Keynesian economics
Capital
Artigo original
Economia keynesiana
Capital (Economia)
description Agradecimentos: I would like to thank two anonymous referees for extremely valuable commentsand suggestions. Thanks are also in order to Andre 'Orle 'an and Olivier Favereau,who welcomed me as a visiting researcher at Cepremap-E 'cole Normale Supe 'r-ieure and Forum-Universite 'de Paris 10, where this article was completed. Finan-cial support from the National Research Council (CNPq) and the CAPESFoundation of the Brazilian Ministry of Education is also gratefullyacknowledged
publishDate 2005
dc.date.none.fl_str_mv 2005
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/20.500.12733/15590
DEQUECH FILHO, David. Confidence and alternative Keynesian methods ofasset choice. Review of political economy. Abingdon. v. 17, n. 4, p. 533–547, Oct. 2005. Disponível em: https://hdl.handle.net/20.500.12733/15590. Acesso em: 7 mai. 2024.
url https://hdl.handle.net/20.500.12733/15590
identifier_str_mv DEQUECH FILHO, David. Confidence and alternative Keynesian methods ofasset choice. Review of political economy. Abingdon. v. 17, n. 4, p. 533–547, Oct. 2005. Disponível em: https://hdl.handle.net/20.500.12733/15590. Acesso em: 7 mai. 2024.
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://repositorio.unicamp.br/acervo/detalhe/1350830
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório da Produção Científica e Intelectual da Unicamp
instname:Universidade Estadual de Campinas (UNICAMP)
instacron:UNICAMP
instname_str Universidade Estadual de Campinas (UNICAMP)
instacron_str UNICAMP
institution UNICAMP
reponame_str Repositório da Produção Científica e Intelectual da Unicamp
collection Repositório da Produção Científica e Intelectual da Unicamp
repository.name.fl_str_mv Repositório da Produção Científica e Intelectual da Unicamp - Universidade Estadual de Campinas (UNICAMP)
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