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TÜRKİYE'DE PARA TALEBİ İSTİKRARLILIĞININ TESTİ: KAYAN PENCERELERDE SINIR TESTİ YAKLAŞIMI
2012
Journal:  
Dumlupınar Üniversitesi Sosyal Bilimler Dergisi
Author:  
Abstract:

This empirical study investigates the stability of the money demand function in Turkey from 1989:Q1 to 2011:Q2 by employing bounds test and also rolling bounds test approaches. Unlike the previous studies, we also add the stock prices to the money demand function to overcome the excluded variables problem. The results we obtained show that the money demand function is instable in the analysis period, thus the central bank should not use the M2 broad money supply as a monetary policy instrument

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Dumlupınar Üniversitesi Sosyal Bilimler Dergisi

Field :   Ziraat, Orman ve Su Ürünleri; Spor Bilimleri

Journal Type :   Uluslararası

Metrics
Article : 1.665
Cite : 9.418
2023 Impact : 0.274
Details
Dumlupınar Üniversitesi Sosyal Bilimler Dergisi