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 ...
Potential information and target variables for UK monetary policy
The relationship between traditional monetary policy goal variables (nominal GDP, real GPD and the inflation rate) and a number of financial market variables is investigated. The question examined is which if any of these ...
The impact of inflation uncertainty on interest rates in the UK
(Wiley-Blackwell Publishing Ltd., 1999)
This paper assesses the effect of expected inflation and inflation risk on interest rates within the Fisher hypothesis framework. Autoregressive Conditional Heteroscedastic models are used to estimate the conditional ...