Browsing by Keywords "Rational expectations"

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Money demand, the Cagan model, testing rational expectations vs adaptive expectations: the case of Turkey

Metin, K.; Muslu, I. (Springer, 1999)

This paper estimates the Cagan type demand for money function for Turkish economy during the period 1986:1-1995:3 and tests whether Cagan's specification fits the Turkish data using an econometric technique assuming that ...
Rationality of inflation expectations in a financially repressed economy

Başçı, Erdem (Bilkent University, 1990)

This study attempts to assess the quality of p u b l i c ’s expectations of inflation by investigating the dynamic interactions between money, prices, income and interest rates in Turkey. Four alternative hypotheses on ...