endogeneity of money. Implicitly, the money supply process with regard to Turkish inflation is unpredictable with respect to the … past history of prices, i.e. either inflation or currency depreciation. Therefore, the Turkish monetary regime may be … persistently high inflationary process in Turkey. -- Demand for Money ; High Inflation ; Granger Causality ; Exogeneity of Money …

, interest rates and inflation rate in ASEAN-5, namely Indonesia, Malaysia, Philippine, Singapore and Thailand. Using sample …-run relationships between M2 and real income, lending rates, interest rates and inflation rate for ASEAN-5 …

not separable in consumption and real balances, and trend inflation. An empirical study of U.S. data revealed that there … trend inflation. A further decline in the interest-elasticity of the demand for money was observed in the 1980s due to the … welfare cost of inflation that subsequently explains the rise in monetary neutrality observed in the data …

separable in consumption and real balances, and trend inflation. An empirical study of U.S. data revealed that there was a … inflation. A further decline in the interest-elasticity of the demand for money was observed in the 1980s due to the changing … cost of inflation that subsequently explains the rise in monetary neutrality observed in the data …

inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …

inflation tax revenue. Finally, the Cagan model is estimated with the additional assumption of rational expectations for Turkey …

related with money policy of Turkey were realised, and 1999(IV) when drastic measures were taken to cope with inflation … treasury bond interest return and inflation were analysed. We applied cointegration test for cointegration analysis and a …