A Simple General Equilibrium Version of the Baumol-Tobin Model
构建了一个包含银行访问频率优化选择的简单一般均衡模型，用于分析通货膨胀对资本存量、货币需求利率弹性、最优货币量及通胀融资福利成本的影响。
This paper presents a simple general equilibrium model that includes optimizing choices of the frequency of trips to the bank. The model is used to analyze the effect of inflation on the capital stock, the interest elasticity of money demand, the optimum quantity of money, and the welfare costs of inflationary finance.