Baumol–Tobin model
The Baumol–Tobin model is an economic model of the transactions demand for money as developed independently by William Baumol (1952) and James Tobin (1956). The theory relies on the tradeoff between the liquidity provided by holding money (the ability to carry out transactions) and the interest forgone by holding one’s assets in the form of non-interest bearing money. The key variables of the demand for money are then the nominal interest rate, the level of real income that corresponds to the amount of desired transactions, and the fixed transaction costs of transferring one’s wealth between liquid money and interest-bearing assets. The model was originally developed to provide microfoundations for aggregate money demand functions commonly used in Keynesian and monetarist macroeconomic mod
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Baumol–Tobin model
The Baumol–Tobin model is an economic model of the transactions demand for money as developed independently by William Baumol (1952) and James Tobin (1956). The theory relies on the tradeoff between the liquidity provided by holding money (the ability to carry out transactions) and the interest forgone by holding one’s assets in the form of non-interest bearing money. The key variables of the demand for money are then the nominal interest rate, the level of real income that corresponds to the amount of desired transactions, and the fixed transaction costs of transferring one’s wealth between liquid money and interest-bearing assets. The model was originally developed to provide microfoundations for aggregate money demand functions commonly used in Keynesian and monetarist macroeconomic mod
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Le modèle Baumol-Tobin est une ...... ies de liquidité et d'épargne.
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Model Baumola-Allaisa-Tobina ( ...... uwzględnia model Millera-Orra.
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The Baumol–Tobin model is an e ...... eloped the same model in 1947.
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16,160,530
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726,277,072
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Le modèle Baumol-Tobin est une ...... e de retraits plus importants.
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Model Baumola-Allaisa-Tobina ( ...... bliczyć, korzystając ze wzoru:
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The Baumol–Tobin model is an e ...... d monetarist macroeconomic mod
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Baumol–Tobin model
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Model Baumola
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Modèle Baumol-Tobin
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