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

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dc.citation.epage426en_US
dc.citation.issueNumber3en_US
dc.citation.spage415en_US
dc.citation.volumeNumber24en_US
dc.contributor.authorMetin, K.en_US
dc.contributor.authorMuslu, I.en_US
dc.date.accessioned2016-02-08T10:40:30Z
dc.date.available2016-02-08T10:40:30Z
dc.date.issued1999en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis 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 forecasting errors are stationary. This paper also tests the hypothesis that monetary policy was implemented in aiming to maximize the inflation tax revenue. Finally, the Cagan model is estimated with the additional assumption of rational expectations for Turkey for the considered period.en_US
dc.identifier.doi10.1007/s001810050064en_US
dc.identifier.eissn1435-8921
dc.identifier.issn0377-7332
dc.identifier.urihttp://hdl.handle.net/11693/25178
dc.language.isoEnglishen_US
dc.publisherSpringeren_US
dc.relation.isversionofhttp://dx.doi.org/10.1007/s001810050064en_US
dc.source.titleEmpirical Economicsen_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.subjectFinancial marketen_US
dc.subjectMethodologyen_US
dc.subjectNational tradeen_US
dc.subjectTurkeyen_US
dc.titleMoney demand, the Cagan model, testing rational expectations vs adaptive expectations: the case of Turkeyen_US
dc.typeArticleen_US

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