| Yazarlar (1) |
Doç. Dr. Hüseyin Levent KORAP
Kastamonu Üniversitesi, Türkiye |
| 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 money demand vector in the cointegrating space as a priori hypothesized through economics theory. But some structural break points and parameter instabilities coincided with post-1994 economic crisis period and 2000-stabilization program cast some doubt upon whether the estimated model can represent all the period under investigation. Besides, a second potential vector found in the long-run variable space has been decomposed to reconcile it with excess aggregate demand reacting to the domestic inflation. |
| Anahtar Kelimeler |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | Diğer hakemli ulusal dergilerde yayınlanan tam makale |
| Dergi Adı | Istanbul University Econometrics and Statistics e-Journal |
| Dergi ISSN | 2651-396X Wos Dergi |
| Dergi Tarandığı Indeksler | EBSCO, ASOS Sosyal Bilimler İndeksi |
| Makale Dili | İngilizce |
| Basım Tarihi | 01-2007 |
| Sayı | 6 |
| Sayfalar | 1 / 28 |
| Makale Linki | https://dergipark.org.tr/tr/pub/iuekois/issue/8987/112089 |
