A Closer Look at the Money Multipliers for the Turkish Economy: Is There a Stable Relationship?
Yazarlar (1)
Doç. Dr. Hüseyin Levent KORAP Kastamonu Üniversitesi, Türkiye
| Makale Türü |
Özgün Makale
(Ulusal alan endekslerinde (TR Dizin, ULAKBİM) yayınlanan tam makale)
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| Dergi Adı | İstanbul Üniversitesi İktisat Fakültesi Mecmuası | ||
| Dergi ISSN | 2602-4152 | ||
| Dergi Tarandığı Indeksler | ULAKBİM, EBSCO, ASOS Sosyal Bilimler İndeksi | ||
| Makale Dili | İngilizce | Basım Tarihi | 01-2011 |
| Cilt / Sayı / Sayfa | 61 / 1 / 83–99 | DOI | – |
| Makale Linki | https://dergipark.org.tr/tr/pub/iuifm/issue/815/8905 | ||
| UAK Araştırma Alanları |
Enflasyon
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| Özet |
| This paper examines whether the money multiplier processes in the Turkish economy are stable and can be forecasted. Research results using quarterly frequency data for the 1987Q1 – 2009Q4 investigation period show that the processes which convert the base money supply aggregates into the final monetary aggregates are unstable and tend to decrease the effectiveness of policies pursued by the monetary authorities. Such a result do not attribute credibility to the traditional Monetarist prescriptions for the conduct of the monetary economic policies in the Turkish economy |
| Anahtar Kelimeler |
