Metin, Kivilcim; Muslu, Ilker - In: Empirical Economics 24 (1999) 3, pp. 415-426
This 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...