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One of the most popular topics in the literature of macroeconomics is the Neutrality of Money Hypothesis which is defined as a permanent, unexpected change to the level of money supply has no effect on the level of real GDP in the long run. If this hypothesis holds, policy makers cannot influence real macroeconomic variables by using monetary policies. The aim of this study is to test the Neutrality of Money Hypothesis in Turkey with considering possible structural breaks. In this regard, the considered hypothesis was tested by Hatemi-J (2008) cointegration test and it is concluded that the Neutrality Hypothesis does not hold for Turkey. This result implies that, policy makers can use money supply as an effective monetary policy instrument in order to affect the real macroeconomic variables
one of the most popular topics in the speakers of macroeconomics is the neutrality of money hypothesis which is known as a permanent change to the level of money supply has no effect on the level of real gdp in the long run ıf this hypothesis stable policy cannot influence real macroeconomic variables by using logic policies the aim of this study is to test the neutrality of money hypothesis in turkey with consider possible structural breaks ın this regard the considered hypothesis was tested by lineemij 2008 policy of the real macrosurprise test result in the true macroeconomic variables in the test of money
Field : Filoloji; Sosyal, Beşeri ve İdari Bilimler
Journal Type : Ulusal
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