Difference between revisions of "Animal spirits"

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(Created page with "Animal spirits is a feeling that is driven by happy talk and high spirits rather than cool reasoning. ==Definitions== According to Financial Management Theory and Prac...")
 
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]],
 
According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]],
 
:[[Animal spirits]]. John Maynard Keynes, writing during the 1920s and 1930s, suggested that - after a period of rising prosperity and stock prices—investors begin to think that the good times will last forever, a feeling that is driven by happy talk and high spirits rather than cool reasoning.
 
:[[Animal spirits]]. John Maynard Keynes, writing during the 1920s and 1930s, suggested that - after a period of rising prosperity and stock prices—investors begin to think that the good times will last forever, a feeling that is driven by happy talk and high spirits rather than cool reasoning.
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According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
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:[[Accommodating policy]]. A policy that yields to the effect of a shock and thereby prevents the shock from being disruptive; for example, a policy that raises aggregate demand in response to an adverse supply shock, sustaining the effect of the shock on prices and keeping output at its natural level.
  
 
==Related concepts==
 
==Related concepts==
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*[[Introduction to Financial Management]].  
 
*[[Introduction to Financial Management]].  
  
[[Category: Financial Management]][[Category: Articles]]
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[[Category: Financial Management]][[Category: Articles]][[Category: Economics]]

Revision as of 15:00, 1 July 2020

Animal spirits is a feeling that is driven by happy talk and high spirits rather than cool reasoning.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Animal spirits. John Maynard Keynes, writing during the 1920s and 1930s, suggested that - after a period of rising prosperity and stock prices—investors begin to think that the good times will last forever, a feeling that is driven by happy talk and high spirits rather than cool reasoning.

According to Principles of Economics by Timothy Taylor (3rd edition),

Accommodating policy. A policy that yields to the effect of a shock and thereby prevents the shock from being disruptive; for example, a policy that raises aggregate demand in response to an adverse supply shock, sustaining the effect of the shock on prices and keeping output at its natural level.

Related concepts

Related lectures