Muslu, İlker2016-01-082016-01-081995http://hdl.handle.net/11693/17695Ankara : Department of Economics and Institute of Economics and Social Sciences, Bilkent Univ., 1995.Thesis (Master's) -- Bilkent University, 1995.Includes bibliographical references leaves 39-41.This 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.42 leavesEnglishinfo:eu-repo/semantics/openAccessAdaptive ExpectationsCointegrationHyperinflationInflation TaxMoney DemandRational ExpectationsUnit RootHG1206.5 .M87 1995Inflation (Finance)--Turkey.Demand for money--Econometric models.Inflation--Econometric models.Thesis