Multirank Cointegration Analysis of Turkish M1 Money Demand (1987Q1 – 2006Q3)
Yazarlar (1)
Doç. Dr. Hüseyin Levent KORAP Kastamonu Üniversitesi, Türkiye
| Makale Türü |
Özgün Makale
(Diğer hakemli ulusal dergilerde yayınlanan tam makale)
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| Dergi Adı | Istanbul University Econometrics and Statistics e-Journal | ||
| Dergi ISSN | 2651-396X | ||
| Dergi Tarandığı Indeksler | EBSCO, ASOS Sosyal Bilimler İndeksi | ||
| Makale Dili | İngilizce | Basım Tarihi | 01-2007 |
| Cilt / Sayı / Sayfa | – / 6 / 1–28 | DOI | – |
| Makale Linki | https://dergipark.org.tr/tr/pub/iuekois/issue/8987/112089 | ||
| UAK Araştırma Alanları |
Enflasyon
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| Özet |
| In our paper, we employ multivariate cointegration analysis to the Turkish M1 narrow money demand. The ex-post estimation results reveal that it is possible to identify a moneydemand vector in the cointegrating space as a priori hypothesized through economics theory. But some structural break points and parameter instabilities coincided with post-1994economic crisis period and 2000-stabilization program cast some doubt upon whether the estimated model can represent all the period under investigation. Besides, a second potentialvector found in the long-run variable space has been decomposed to reconcile it with excess aggregate demand reacting to the domestic inflation. |
| Anahtar Kelimeler |
