Now showing items 1-3 of 3
Estimation of velocity function for Turkey using Engle-Granger two-step method
(Bilkent University, 1990)
This study aims at estimating the velocity function, for Turkey using quarterly data. Estimation is done using cointegration and error correction methods. This enabled incorporating short-term disequilibria moments in long ...
Welfare implications of inflation on Turkish economy
(Bilkent University, 2011)
Inflation is an obstacle in the decision-making processes of agents in an economy. In order to make better decisions under periods of inflation, agents need to spend extra effort, and this creates a loss in welfare. This ...
Monetary dynamics: evidence from cointegration and error correction modeling: the case of Turkey
(Bilkent University, 1992)
This paper addresses Lhe issue of Les-Ling Lhe cointegration relationship for a conventional money demand function and constructing an error correction model CECMD of it to analyze both long-run and short run dynamics ...