| Yazarlar (2) |
Doç. Dr. Hüseyin Levent KORAP
Türkiye |
Mehmet Deniz Kozanoğlu
Türkiye |
| Özet |
| In this paper, a monetary model for the Turkish economy is tried to be tested. For this purpose, first, the stationary linkages between the data have been investigated and a multivariate cointegrating model inclusive of two long run relationships, one for a nominal money demand model and the other consisting of a relationship between two interest rates considered, is constructed in turn yielding inferences derived from a structural vector error correction modeling approach. The results reveal that there exists evidence of a liquidity effect-a negative relationship between a measure of money and an interest rate-and also that the non-existence of a price puzzle-a rise in the aggregate price level in response to a contractionary innovation to monetary policy-cannot be rejected by the Turkish data. |
| Anahtar Kelimeler |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | Uluslararası alan indekslerindeki dergilerde yayınlanan tam makale |
| Dergi Adı | European Journal of Social Sciences |
| Dergi ISSN | 1450-2267 |
| Dergi Tarandığı Indeksler | EBSCO, SSRN, DOAJ, Ulrich, Cabell’s Directory of Publishing Opportunities in Economics and Finance |
| Makale Dili | İngilizce |
| Basım Tarihi | 01-2013 |
| Cilt No | 40 |
| Sayı | 2 |
| Sayfalar | 205 / 216 |
| Makale Linki | https://www.europeanjournalofsocialsciences.com/issues/EJSS_40_2.html |
