If interest rates on bonds go to zero, what does the Baumol-Tobin analysis suggest Grant Smiths average

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If interest rates on bonds go to zero, what does the Baumol-Tobin analysis suggest Grant Smith’s average holdings of money balances should be?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:32 AM

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If interest rates on bonds go to zero, what does the Baumol-Tobin analysis suggest Grant Smiths average

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