Money and Inflation in Turkey, 1950-1968 |
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Contents
From 1950 to the Present | 1 |
Iterative Procedure | 61 |
Reduced Equation Estimates | 86 |
6 other sections not shown
Common terms and phrases
a₁ 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 D/R ratio d₁ decrease definitions of money demand for money dependent variable distributed lag dummy variables Economic effect expectation coefficient expected rate figures given greater Hence high powered money holding money income elasticity increase in money indicates investment k₁ latter level of prices liabilities likelihood ratio test monetary base monetary expansion money supply narrow money nominal income non-monetization ratio Numbers in parentheses obtained OECD P₁ period price level private sector production public sector rate of change rate of increase rate of inflation rate of interest rate of monetary real balances real income reduced form serial correlation significant Statistical Table total revenue transmission mechanism trend Turkey value of ẞ Y₁