31,631 research outputs found
Controls on Capital Flows and the Tobin Tax.
Full text linkThe financial crises of the 1990s have given a new impetus to proposals aimed at controlling international capital movements. Well-known economists came out in favour of such controls, giving (some of these) capital controls a new respectability. In this paper we want to evaluate these proposals. In order to do so, it is important to distinguish between the different objectives that are pursued by those who propose capital controls. These objectives are very diverse. The most important ones are the following: A reduction of "excessive" exchange rate variability. A source of revenue for worthwhile international projects (e.g. development aid). Giving the monetary authorities more autonomy in setting domestic interest rates. Stabilisation of an emerging financial crisis due to large scale capital outflows. Preventing excessive capital inflows when countries liberalise their domestic markets. Some proposals for controlling capital movements have been aimed at several of these objectives. The best-known proposal in this category is the Tobin-tax. Other proposals have more narrowly defined objectives. In this paper we analyse some of these proposals and evaluate their effectiveness in achieving their stated objectives.
James Tobin, 1918–2002
No full textProfessor James Tobin, who died on 11 March 2002, was possibly the most eminent of the world’s ‘Keynesian’ economists. Described by Nobel Laureate Paul Samuelson as “the archetype of a late-twentieth century American scholarâ€, Tobin was without doubt one of the most influential economists of his time who inspired a whole generation of students. In this interview, Professor Tobin discusses the progress and development of economics in the second half of the twentieth century.
Interview with Walter E. Tobin
No full textWalter Tobin joined the US Naval Reserves in 1937 and was on active duty when the United States entered WWII. Prior to WWII, he served on the USS Lawrence and the USS Texas. He later served on the USS West Point and trained at Submarine Sea Raven Sound School, Key West, Florida. He served as a seaman during the early part of the war, was discharged from the navy and immediately enlisted into the US Marines Corps. As a Marine Bomber pilot, Tobin received training at UNC-Chapel Hill for academic and physical education. He received flight status while training at Peru, Indiana. He eventually flew the N2SI. Tobin attended advance flight training at Pensacola, Florida and with the Dive Bombing Squadron at Boat Sound Shores, Morehead City, North Carolina. Prior to WWII, Tobin served with the Navy in the North Atlantic. He spent time in Bombay, India, Colomo, Ceylon, and along the French coast. His additional tours of duty include the Suez Canal, Singapore, Pelelui, Ulether, and Guam
Correspondence for Teaching Positions 1962-1964: Chester Tobin, August 16, 1963
No full textLetter from Fayez Sayegh to Chester Tobin, August 16, 1963, about Sayegh\u27s preparations to move from Macalester College in St. Paul, MN, to Oxford
Kaufringer (Heinrich). Werke. Hrsg. von Paul Sappler
No full textTobin Frank. Kaufringer (Heinrich). Werke. Hrsg. von Paul Sappler. In: Revue belge de philologie et d'histoire, tome 57, fasc. 1, 1979. Antiquité - Oudheid. pp. 209-210
Kaufringer (Heinrich). Werke. Hrsg. von Paul Sappler
No full textTobin Frank. Kaufringer (Heinrich). Werke. Hrsg. von Paul Sappler. In: Revue belge de philologie et d'histoire, tome 57, fasc. 1, 1979. Antiquité - Oudheid. pp. 209-210
James Tobin : an appreciation of his contribution to economics.
Full text linkJim 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. Tobin received the 1981 Nobel Memorial Prize “for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices”. I consider his contributions to mean-variance portfolio demand and asset pricing theory, especially the Portfolio Separation Theorem; pitfalls in financial model building; portfolio balance and flow of funds models and the ‘credit channel’; the life-cycle model and social security; econometric methodology, including the Tobit estimator and his pioneering work using both time series and cross-sectional data to estimate food demand functions; economic growth; Tobin’s q; the ‘Tobin Tax’ ; the monetary and fiscal policy effectiveness debate, first with Milton Friedman and then with the New Classical Macroeconomics and Real Business Cycle schools; and Tobin’s approach to methodological questions including microfoundations and aggregation.
James Tobin: An Appreciation of his Contribution to Economics
Full text linkJim 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. Tobin received the 1981 Nobel Memorial Prize for his analysis of financial markets and their relations to expenditure decisions, employment, production and prices'. I consider his contributions to mean-variance portfolio demand and asset pricing theory, especially the Portfolio Separation Theorem; pitfalls in financial model building; portfolio balance and flow of funds models and the 'credit channel'; the life-cycle model and social security; econometric methodology, including the Tobit estimator and his pioneering work using both time series and cross-sectional data to estimate food demand functions; economic growth; Tobin's the 'Tobin Tax'; the monetary and fiscal policy effectiveness debate, first with Milton Friedman and then with the New Classical Macroeconomics and Real Business Cycle schools; and Tobin's approach to methodological questions including microfoundations and aggregation
Paul Julian Smith
No full textPhotograph of Paul Julian Smith (CUNY Graduate School) with the Sigmund Freud statue on Clark University\u27s campus green. He was there as part of the Henry J. Leir Chair\u27s programming for the 2013-2014 season with a talk on Spanish filmmaker Pedro Almodóvar called “After Volver: Almodóvar in/and Latin America”.
Robert Tobin was the inaugural Henry J. Leir Chair in Language, Literature, and Culture from 2008 until his passing in 2022.https://commons.clarku.edu/funwithfreud/1037/thumbnail.jp
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