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From 1950 to the Present Day
The Theoretical Basis of the Analysis in Relation to the Economic
Empirical Issues and Some Preliminary Estimates
9 other sections not shown
adaptive expectations model adjustment analysis assets banking system bonds borrowings broad money Cagan ceteris paribus change in prices changes in money commercial banks confidence intervals cost of holding currency decrease definitions of money demand for money dependent variable distributed lag dummy variables effect expectation coefficient expected rate figures former given greater Hence high powered money holding money income elasticity increase in money indicates investment kt_j latter legal reserves level of prices liabilities likelihood ratio test monetary base monetary expansion money supply narrow money non-monetization ratio Numbers in parentheses obtained OECD optimal rate period price level private sector production public sector rate of change rate of growth rate of increase rate of inflation rate of interest rate of monetary real balances real income reduced form respect revenue from inflation serial correlation significant Statistical Symbols and models Table total revenue transmission mechanism trend Turkey unity