Parasal Buyume ve Tuketici Enflasyonu Degisim Orani Arasindaki Nedensellik Iliskisi Uzerine Bir Deneme: Turkiye Ornegi
AbstractIn this paper the causality relationships between the inflationary process, experienced by the Turkish economy, and some main money supply measures have been tried to be investigated, and the direction of these relationships has also been aimed to be determined through the vector autoregression impulse-response function estimates. Our findings in general indicate that the course of inflationary framework seems to be exogenous as to the course of the monetary aggregates, and that the course of the monetary aggregates seems to be endogenous as to the course of the inflation. Moreover, impulse-response function estimates have been found supportive to these results. All in all, it is concluded that the monetary policy tends to be adaptive to the inflationary framework under the investigation period considered.
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Bibliographic InfoArticle provided by Department of Econometrics, Faculty of Economics, Istanbul University in its journal Istanbul University Econometrics and Statistics e-Journal.
Volume (Year): 9 (2009)
Issue (Month): 1 (May)
Inflation; Money Supply; Causality; Unit Root; Stationarity; Vector Autoregression; Generalized Impulse-Response Shocks; Turkish Economy;
Other versions of this item:
- Levent, Korap, 2009.
"Parasal büyüme ve tüketici enflasyonu değişim oranı arasındaki nedensellik ilişkisi üzerine bir deneme: Türkiye örneği
[An essay upon the causality relationship between the monetary gro," MPRA Paper 19537, University Library of Munich, Germany.
- H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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