Confidence and alternative Keynesian methods ofasset choice
Autor(a) principal: | |
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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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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 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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reponame:Repositório da Produção Científica e Intelectual da Unicamp instname:Universidade Estadual de Campinas (UNICAMP) instacron:UNICAMP |
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Universidade Estadual de Campinas (UNICAMP) |
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UNICAMP |
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UNICAMP |
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Repositório da Produção Científica e Intelectual da Unicamp |
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Repositório da Produção Científica e Intelectual da Unicamp |
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Repositório da Produção Científica e Intelectual da Unicamp - Universidade Estadual de Campinas (UNICAMP) |
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reposip@unicamp.br |
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