Baumol–Tobin model

GPTKB entity

Statements (21)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:alternativeTo gptkb:Keynesian_money_demand_theory
gptkbp:assumes constant rate of spending
fixed transaction costs
interest-bearing assets
gptkbp:describes demand for money
gptkbp:explains optimal cash management
gptkbp:field economics
monetary economics
https://www.w3.org/2000/01/rdf-schema#label Baumol–Tobin model
gptkbp:influencedBy gptkb:EOQ_model
gptkbp:proposedBy gptkb:James_Tobin
gptkb:William_Baumol
gptkbp:publishedIn gptkb:Quarterly_Journal_of_Economics
gptkbp:reduces total cost of holding and converting money
gptkbp:relatedTo liquidity preference
inventory theory
gptkbp:usedIn money demand theory
gptkbp:yearProposed 1952
gptkbp:bfsParent gptkb:William_J._Baumol
gptkbp:bfsLayer 6