Korap, Levent (2011): A closer look at the money multipliers for the Turkish economy: Is there a stable relationship? Published in: İstanbul Üniversitesi İktisat Fakültesi Memuası , Vol. 1, No. 61 (2011): pp. 283-299.
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This paper examines whether the money multiplier processes in the Turkish economy is 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.
|Item Type:||MPRA Paper|
|Original Title:||A closer look at the money multipliers for the Turkish economy: Is there a stable relationship?|
|English Title:||A CLOSER LOOK AT THE MONEY MULTIPLIERS FOR THE TURKISH ECONOMY: IS THERE A STABLE RELATIONSHIP?|
|Keywords:||Money Multipliers ; Turkish Economy ;|
|Subjects:||C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E51 - Money Supply ; Credit ; Money Multipliers
|Depositing User:||Levent Korap|
|Date Deposited:||20 Aug 2012 23:29|
|Last Modified:||25 Sep 2016 05:30|
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