Testing the quantity theory of money in Greece: reply to Ozmen
AbstractOzmen (Applied Economics Letters, 10, 971-4, 2003) re-examines money exogeneity in Greece using data from Karfakis (Applied Economics, 34, 583-7, 2002) and claims, contrary to Karfakis, that money exogeneity is rejected. This reply demonstrates that money exogeneity is sensitive to lag length specification.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 11 (2004)
Issue (Month): 9 ()
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- Özgür Aslan & Levent Korap, 2007.
"Testing Quantity Theory of Money for the Turkish Economy,"
Journal of BRSA Banking and Financial Markets,
Banking Regulation and Supervision Agency, vol. 1(2), pages 93-109.
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- Levent, Korap, 2008. "Long-run relations between money, prices and output: the case of Turkey," MPRA Paper 20265, University Library of Munich, Germany.
- Levent, Korap, 2009. "The search for co-integration between money, prices and income: low frequency evidence from the Turkish economy," MPRA Paper 19557, University Library of Munich, Germany.
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