*) q ratio.
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