{"id":4390,"date":"2023-04-23T06:30:50","date_gmt":"2023-04-23T03:30:50","guid":{"rendered":"https:\/\/datakapital.com\/blog\/?p=4390"},"modified":"2025-07-22T00:17:51","modified_gmt":"2025-07-21T21:17:51","slug":"baumol-tobin-para-talep-modeli","status":"publish","type":"post","link":"https:\/\/datakapital.com\/blog\/baumol-tobin-para-talep-modeli\/","title":{"rendered":"Baumol – Tobin Para Talep Modeli"},"content":{"rendered":"

Baumol – Tobin Para Talep Modeli<\/strong>, \u0130kinci D\u00fcnya sava\u015f\u0131 sonras\u0131 d\u00f6nemde Amerikal\u0131 iktisat\u00e7\u0131lar William Baumol ve James Tobin taraf\u0131ndan s\u0131ras\u0131yla 1952 ve 1956 y\u0131llar\u0131nda birbirlerinden ba\u011f\u0131ms\u0131z bir \u015fekilde geli\u015ftirimi\u015ftir. Baumol – Tobin modelinin<\/a> \u00e7\u0131k\u0131\u015f noktas\u0131n\u0131, \u00a0ki\u015filerin ve firmalar\u0131n Keynes \u2018in likidite tercihi teorisinden<\/a> farkl\u0131 olarak i\u015flemler – ihtiyat – spek\u00fclasyon saikleriyle para talep etmek yerine, sadece i\u015flemler saikiyle para talep etmeleri olu\u015fturur.<\/p>\n

Keynes \u2018in likidite tercihi teorisinde her ay\u0131n ba\u015f\u0131nda 100 TL tutar\u0131nda bir gelir elde eden ve bu geliri ay boyunca muntazam bir bi\u00e7imde harcayan bir ki\u015finin talep etti\u011fi ortalama para miktar\u0131 ( 100 TL + 0TL ) \/ 2 = 50 TL \u2018dir. Buna kar\u015f\u0131l\u0131k Baumol – Tobin modelinde ki\u015fi b\u00f6yle davranmak zorunda de\u011fildir. Ki\u015fi b\u00f6yle davranmak yerine, ayl\u0131k kazanc\u0131n\u0131n \u00f6rne\u011fin yar\u0131s\u0131n\u0131 ( 50 TL ) ilk iki haftadaki harcamalar\u0131n\u0131 finanse etmek i\u00e7in c\u00fczdan\u0131nda ya da vadesiz mevduat hesab\u0131nda tutabilir ve ayl\u0131k kazanc\u0131n\u0131n di\u011fer yar\u0131s\u0131n\u0131 da faiz getirisi olan vadeli mevduat hesab\u0131na yat\u0131rabilir veya ayl\u0131k kazanc\u0131n\u0131n di\u011fer yar\u0131s\u0131 ile de itibari de\u011feri sabit olan ( istenildi\u011fi anda itibari de\u011feri \u00fczerinden nakde \u00e7evrilebilen ve dolay\u0131s\u0131yla da sermaye kayb\u0131 riski olmayan ) hazine bonosu sat\u0131n alabilir.<\/p>\n

Ayl\u0131k kazanc\u0131n bu alternatif kullan\u0131m bi\u00e7iminde, ki\u015finin nakdi ikinci haftan\u0131n sonunda s\u0131f\u0131r olur ve ki\u015fi ay\u0131n ortas\u0131nda bankaya gider ve ay\u0131n ba\u015f\u0131nda sat\u0131n ald\u0131\u011f\u0131 50 TL de\u011ferindeki hazine bonosunu satarak \u00fc\u00e7\u00fcnc\u00fc ve d\u00f6rd\u00fcnc\u00fc haftalardaki harcamalar\u0131n\u0131 finanse eder. B\u00f6ylece ay\u0131n sonunda ki\u015finin nakdi yine s\u0131f\u0131r olur ve izleyen ay\u0131n ba\u015f\u0131nda ki\u015finin yeniden 100 TL kadar bir gelir elde etmesi sonucu s\u00fcre\u00e7 yeniden ba\u015flar. Keynes \u2018in likidite tercihi teorisinden farkl\u0131 olan bu s\u00fcre\u00e7te, ki\u015finin bir ayda elinde ortalama olarak tuttu\u011fu para miktar\u0131 \u2013 ki\u015finin ayl\u0131k ortalama para talebi 25 TL \u2018dir ( 50 TL + 0 ) \/ 2 = 25 TL.<\/p>\n

Baumol – Tobin modelinde ayl\u0131k ortalama para talebi M(t), ve ayl\u0131k ortalama tahvil – bono talebi (B)<\/a> ( ki\u015finin ay\u0131n ba\u015f\u0131nda maa\u015f\u0131n\u0131 almas\u0131n\u0131 da kapsayan ) ayl\u0131k i\u015flem say\u0131s\u0131 n ile g\u00f6sterilerek a\u015fa\u011f\u0131daki bi\u00e7imde form\u00fcle edilir;<\/p>\n

\"Baumol<\/p>\n

Dolay\u0131s\u0131yla da ayl\u0131k i\u015flem say\u0131s\u0131 yukar\u0131daki \u00f6rnekteki gibi n = 2 olan bir ki\u015fi, tahvil ( bono ) faiz haddinin – vadesiz mevduat faiz haddinin % 4 oldu\u011fu varsay\u0131m\u0131 alt\u0131nda ayda 1 TL faiz geliri elde eder;<\/p>\n

\"Para<\/p>\n

Di\u011fer taraftan yukar\u0131daki \u00f6rnekte ki\u015fi ayl\u0131k kazanc\u0131n\u0131n yar\u0131s\u0131n\u0131 ( 50 TL ) ilk iki haftadaki harcamalar\u0131n\u0131 finanse etmek i\u00e7in c\u00fczdan\u0131nda – vadesiz mevduat hesab\u0131nda tutmak ve ayl\u0131k kazanc\u0131n\u0131n di\u011fer yar\u0131s\u0131n\u0131 da ( 50 TL ) 15 g\u00fcn s\u00fcre ile vadeli mevduat hesab\u0131na – tahvile yat\u0131rmak yerine, ayl\u0131k kazanc\u0131n\u0131n 1\/3 kadar\u0131n\u0131 ( 33.33 TL )ay\u0131n ilk 10 g\u00fcn\u00fcndeki harcamalar\u0131n\u0131 finanse etmek i\u00e7in c\u00fczdan\u0131nda – vadesiz mevduat hesab\u0131nda tutabilir. B\u00f6yle bir durumda ki\u015fi ayl\u0131k kazanc\u0131n\u0131n geri kalan\u0131n\u0131 ( 66.67 TL ) ay\u0131n ba\u015f\u0131nda tahvile yat\u0131r\u0131r.<\/p>\n

Di\u011fer taraftan Baumol – Tobin modelinde ayba\u015f\u0131nda sahip olduklar\u0131 at\u0131l fonlarla tahvil sat\u0131n alan ve daha sonra belirli aral\u0131klarla bankaya giderek sat\u0131n ald\u0131klar\u0131 tahvillerin bir k\u0131sm\u0131n\u0131 nakit ihtiya\u00e7lar\u0131n\u0131 kar\u015f\u0131lamak amac\u0131yla satan ki\u015filer, ayn\u0131 zamanda belirli bir maliyete de maruz kal\u0131rlar. Baumol – Tobin modelinde at\u0131l fonlarla tahvil sat\u0131n alman\u0131n ki\u015filere i\u015flem ba\u015f\u0131na y\u00fckledi\u011fi maliyet, ki\u015filerin her i\u015flemde ( tahvil sat\u0131n al\u0131rken ve satarken her seferinde ) \u00f6dedikleri komisyon ile bankaya gitmek i\u00e7in her i\u015flemde harcad\u0131klar\u0131 zaman\u0131n parasal de\u011ferinin toplam\u0131na veya k\u0131saca komisyon \u00fccretine e\u015fittir. Dolay\u0131s\u0131yla da at\u0131l fonlarla tahvil sat\u0131n alman\u0131n maliyeti ( C ), komisyon \u00fccreti ile i\u015flem say\u0131s\u0131n\u0131n \u00e7arp\u0131m\u0131na e\u015fittir: C = bn.\u00a0 Baumol – Tobin modelinde i\u015flem say\u0131s\u0131 de\u011fi\u015fince, para talebi ve tahvil mevcudu da s\u0131ras\u0131yla ters y\u00f6nl\u00fc ve ayn\u0131 y\u00f6nl\u00fc olarak de\u011fi\u015fir. \u0130\u015flem say\u0131s\u0131 art\u0131nca para talebi azal\u0131rken tahvil mevcudu artar.<\/p>\n","protected":false},"excerpt":{"rendered":"

Baumol – Tobin Para Talep Modeli, \u0130kinci D\u00fcnya sava\u015f\u0131 sonras\u0131 d\u00f6nemde Amerikal\u0131 iktisat\u00e7\u0131lar William Baumol ve James Tobin taraf\u0131ndan s\u0131ras\u0131yla 1952 ve 1956 y\u0131llar\u0131nda birbirlerinden ba\u011f\u0131ms\u0131z bir \u015fekilde geli\u015ftirimi\u015ftir. Baumol – Tobin modelinin \u00e7\u0131k\u0131\u015f noktas\u0131n\u0131, \u00a0ki\u015filerin ve firmalar\u0131n Keynes \u2018in likidite tercihi teorisinden farkl\u0131 olarak i\u015flemler – ihtiyat – spek\u00fclasyon saikleriyle para talep etmek yerine,<\/p>\n","protected":false},"author":12,"featured_media":4393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,47],"tags":[297,286,296,295],"class_list":{"0":"post-4390","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jeoekonomik-makro-veriler","8":"category-makro-ekonomik-analizler","9":"tag-baumol-tobin-modeli","10":"tag-iktisat-teoremleri","11":"tag-james-tobin","12":"tag-william-baumol"},"better_featured_image":{"id":4393,"alt_text":"Baumol - Tobin Para Modeli","caption":"","description":"","media_type":"image","media_details":{"width":435,"height":275,"file":"2023\/04\/Baumol-Tobin-Model.jpg","filesize":11151,"sizes":{"medium":{"file":"Baumol-Tobin-Model-300x190.jpg","width":300,"height":190,"mime-type":"image\/jpeg","filesize":5723,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/04\/Baumol-Tobin-Model-300x190.jpg"},"thumbnail":{"file":"Baumol-Tobin-Model-150x150.jpg","width":150,"height":150,"mime-type":"image\/jpeg","filesize":3196,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/04\/Baumol-Tobin-Model-150x150.jpg"},"bunyad-small":{"file":"Baumol-Tobin-Model-150x95.jpg","width":150,"height":95,"mime-type":"image\/jpeg","filesize":2257,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/04\/Baumol-Tobin-Model-150x95.jpg"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]}},"post":4390,"source_url":"https:\/\/datakapital.com\/blog\/wp-content\/uploads\/2023\/04\/Baumol-Tobin-Model.jpg"},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/4390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/comments?post=4390"}],"version-history":[{"count":3,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/4390\/revisions"}],"predecessor-version":[{"id":5247,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/posts\/4390\/revisions\/5247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/media\/4393"}],"wp:attachment":[{"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/media?parent=4390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/categories?post=4390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/datakapital.com\/blog\/wp-json\/wp\/v2\/tags?post=4390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}