The money demand function has been regarded as a fundamental building block in macroeconomic modelling, as it represents the link between the monetary policy and rest of the economy. The extensive literature on money demand function is concerned with the existence of a stable money demand...

This study investigates the determinants of provincial public health expenditures for Turkey, employing spatial econometrics models. To this end, the panel data at NUTS3 level for the period 2009-2019 have been employed. The exploratory spatial data analysis suggests that real GDP per capita,...

The objective of the paper is to investigate the stability properties of the European Money Demand function by means of multivariate time series modelling for the time period 1980 -2010 using aggregated data of EU17, European Union member states which use the euro as their currency. A...

In the literature there is a great debate on the growth effects of international financial integration. It is argued that the direction and the magnitude of the effect of financial integration on growth depend on some structural and economic characteristics of the economies. This implies that...

In the last decades, many developing countries abandoned their existing policy regimes and adopted inflation targeting (IT) by which they aimed to control inflation through the use of policy interest rates. During the period before the crisis, most of these countries experienced large...