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

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buir.advisorMetin, Kıvılcım
dc.contributor.authorMuslu, İlker
dc.date.accessioned2016-01-08T20:12:38Z
dc.date.available2016-01-08T20:12:38Z
dc.date.issued1995
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : Department of Economics and Institute of Economics and Social Sciences, Bilkent Univ., 1995.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 1995.en_US
dc.descriptionIncludes bibliographical references leaves 39-41.en_US
dc.description.abstractThis thesis considers the demand for money under conditions of high inflation in Turkey during the period 1986; 1-1995:3. We test whether the monetary and inflationary experiences of Turkey can be adequately characterized by the Cagan (1956) model, using an econometric procedure which is reliant only on the assumption that forecasting errors are stationary. We also examine the hypothesis that monetary policy was conducted in such a way as to maximize the inflation tax revenue. Finally we test the Cagan model with the additional assumption of rational expectations for Turkey for the considered period.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityMuslu, İlkeren_US
dc.format.extent42 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/17695
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectAdaptive Expectationsen_US
dc.subjectCointegrationen_US
dc.subjectHyperinflationen_US
dc.subjectInflation Taxen_US
dc.subjectMoney Demanden_US
dc.subjectRational Expectationsen_US
dc.subjectUnit Rooten_US
dc.subject.lccHG1206.5 .M87 1995en_US
dc.subject.lcshInflation (Finance)--Turkey.en_US
dc.subject.lcshDemand for money--Econometric models.en_US
dc.subject.lcshInflation--Econometric models.en_US
dc.titleMoney demand, the Cagan model, testing rational expectations vs adaptive expectations: the case of Turkeyen_US
dc.typeThesisen_US
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Dept. of Economics - Master's degree