A Dynamic Baumol-Tobin Model of Money Demand
推导了鲍莫尔-托宾模型的随机版本，得出独立变量变化到新稳态时的动态需求函数，并证明(S,s)库存政策会产生调整速度可变的总体部分调整方程。
This note considers a stochastic version of the Baumol-Tobin model of the demand for money. A dynamic demand function is derived for the case in which independent variables change to new, steady-state values. The (S, s) inventory policy is shown to give rise to an aggregate, partial-adjustment equation with a variable adjustment speed. The methodology is that introduced to target-threshold models by Milbourne, Buckholtz, and Wasan (1983) in their study of the Miller-Orr model.