James Tobin
An Appreciation of his Contribution to Economics
Bibliographic Data
| ID | 9720542 |
|---|---|
| Authors | Willem H Buiter (0000-0002-5974-6291, European Bank for Reconstruction and Development, NBER and CEPR, corresponding author), Willem Buiter |
| Year | 2003 |
| Volume | 113 |
| Issue | 491 |
| Pages | F585-F631 |
| Publication date | 2003-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.3386/w9753 |
| OpenAlex | W2082103152 |
| Language | EN |
| Citations received | 7 |
| References cited | 139 |
Jim Tobin, who died on March 11, 2002 at the age of 84, was one of giants of economics of the second half of the twentieth century and the greatest macroeconomist of his generation. Tobin's influence on macroeconomic theory is so pervasive - so much part of our professional 'acquis'- that many younger economists often are not even aware that it is his ideas they are elaborating, testing, criticising, refuting or re-inventing. In this Appreciation, I consider Tobin's scholarly contributions, made over a period of more than 50 years. Copyright 2003 Royal Economic Society
Asset (computer security · Business cycle · Capital asset pricing model · Economics · Financial economics · Macroeconomics · Microfoundations · Modern portfolio theory · Portfolio · Tobin's q · Economic theories and models · Financial Literacy, Pension, Retirement Analysis · Monetary Policy and Economic Impact
James Tobin on macroeconomic instability
At the origins of the life cycle hypothesis of Franco Modigliani and Richard Brumberg
James Tobin on Overlapping Generations Models and the Microeconomic Foundations of Macroeconomics Reconsidered
Lucas and Tobin
James Tobin and Growth Theory
Tobin as an Econometrician
Dynamic fiscal policy
Income, saving, and the theory of consumer behavior
Discretion versus policy rules in practice
The Transactions Demand for Cash
Excess demand functions
Money and Economic Growth
Uncertain Lifetime, Life Insurance, and the Theory of the Consumer
Coordinating Coordination Failures in Keynesian Models
Equilibrium in a Capital Asset Market
Market Excess Demand Functions
Testing for causality
Time to Build and Aggregate Fluctuations
Staggered prices in a utility-maximizing framework
On the characterization of aggregate excess demand
A General Equilibrium Approach To Monetary Theory
Liquidity Preference as Behavior Towards Risk
Expectations and the neutrality of money
Tobin's Marginal q and Average q
Advances in prospect theory
Estimation of Relationships for Limited Dependent Variables
Prospect Theory
Sample Selection Bias as a Specification Error
An evolutionary theory of economic change
Unemployment and Inflation
The Role of Monetary Policy
On Limiting the Domain of Inequality
The Interest-Elasticity of Transactions Demand For Cash
Lifetime Portfolio Selection under Uncertainty
Monetary Velocity and Monetary Policy
Lifetime Portfolio Selection By Dynamic Stochastic Programming
On the Predictive Value of Consumer Intentions and Attitudes
Liquidity Preference and Monetary Policy
The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets
Risk and Return
Tobin on Macroeconomics
Notes on the economic theory of expulsion and expropriation
"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule
Are Government Bonds Net Wealth
Intertemporal Substitution in Consumption
Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule
The Demand for Money
Aggregate Dynamics and Staggered Contracts
Friedman's Theoretical Framework
A Monetary Theory of Nominal Income
Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns
Sticky Prices in the United States
A Simple Macroeconomic Model with a Government Budget Restraint
Notes on Optimal Monetary Growth
The Volatility of Long-Term Interest Rates and Expectations Models of the Term Structure
Rational Choice
Real Wages, Employment, and Inflation
On Money as a Medium of Exchange
Debt, Deficits, and Finite Horizons
An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money
A Dynamic Aggregative Model
Rules of Thumb for Social Learning
Inflation and Economic Growth
Convergence of Least-Squares Learning in Environments with Hidden State Variables and Private Information
Economic Growth and Capital Accumulation
Increasing Returns and the Foundations of Unemployment Theory
Adaptive Learning and the Transition to Fiat Money
The Fiscal Theory of the Price Level
Death, Birth, Productivity Growth and Debt Neutrality
Nominal Wage Rigidity and the Rate of Inflation
Disequilibrium Dynamics
Estimates of the Free Demand for Rationed Foodstuffs
The Superiority of Contingent Rules Over Fixed Rules in Models with Rational Expectations
A Contribution to the Theory of Economic Growth
Real Business Cycles
Understanding Real Business Cycles
Price Flexibility and Output Stability
Inside the Black Box
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,41 |
| Citation span | 2009 - 2024 (16) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 7 |