Now showing items 1-3 of 3
Money demand, the Cagan model, testing rational expectations vs adaptive expectations: the case of Turkey
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 ...
The relationship between inflation and the budget deficit in Turkey
(Taylor & Francis Inc., 1998)
This article analyzes the empirical relationship between inflation and the budget deficit for the Turkish economy by a multivariate cointegration analysis. A single-equation model shows that the scaled budget deficit (as ...
A note on price-volume dynamics in an emerging stock market
(Elsevier BV, 1996)
We present a continuum economy with risk neutral agents having heterogeneous expectations and restricted short sales. A stochastic version of the model is also formulated and the resulting time series behavior of the price ...