Testing the money demand function and income or the lucas critique: The case of Turkey
Küçük Resim Yok
Tarih
2014
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Maltepe Üniversitesi
Erişim Hakkı
CC0 1.0 Universal
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
Özet
Lucas Critique which was explained by Robert Lucas claims that policy evaluation process that fail to recognize the optimal decision rules of economic agents vary systematically with changeable policies. So that invariant estimated statistical relationships from past data to forecast the effects of adopting a new policy, because the estimated regression coefficients aren’t stable but will change along with agents’ decision rules in response to a new policy. In this study, the validity of Lucas critiques for Turkish economy is tested using seasonal error correction model and weak exogeneity tests.
Açıklama
Anahtar Kelimeler
Kaynak
Ekonomik, Toplumsal ve Siyasi Analiz Dergisi
WoS Q Değeri
Scopus Q Değeri
Cilt
II
Sayı
4
Künye
Altunöz, U. (2014). Testing the money demand function and income or the lucas critique: The case of Turkey. Ekonomik, Toplumsal ve Siyasi Analiz Dergisi. s. 73-84.
