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J. Tobin's Monetary Dynamic Model and the Analysis of Russian Economy

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Abstract

The paper considers the monetary dynamic model developed by J. Tobin, the leader of Keynesian economic thought in 1970-1990. Particularly, the author examines q-theory of investment proposed by Tobin which allows to expose the relationship between supply of monetary assets and investment in real capital. Application of various tools of monetary and financial policies is also considered in its different forms. The author aspires to use Tobin's model for the analysis of processes existing in the Russian economy and to test theoretical propositions and relationships elaborated by Tobin on Russian statistics.

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  • V. Manevich, 2009. "J. Tobin's Monetary Dynamic Model and the Analysis of Russian Economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 3.
    • Handle: RePEc:nos:voprec:y:2009:id:850
    DOI: 10.32609/0042-8736-2009-3-70-93
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