Browsing by Keywords "cross-equation r e s t r i c t i o n s"

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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 ...