Â Along with Baumol, he developed a model for assessing the tradeoffs between accessibility of money and the opportunity cost of foregone interest rates to analyze the fraction of money that people keep in liquid form.
Along with Amemiya, this economist names a framework for estimating demand systems in the face of censoring. Â Along with Baumol, he developed a model for assessing the tradeoffs between accessibility of money and the opportunity cost of foregone interest rates to analyze the fraction of money that people keep in liquid form. Â A version of market value over book value comprises this man's namesake (*) q ratio. Â He developed a statistical model used when an unobservable, dependent variable directly tracks an independent, measurable variable. Â Bernd Spahn expanded on this man's theory that one way to stop potentially harmful currency speculation would be to collect a duty on spot conversions between different currencies. Â For 10 points, give the namesake of that type of currency tax.
Along with Amemiya, this economist names a framework for estimating demand systems in the face of censoring.
James Tobin