Parasal Buyume ve Tuketici Enflasyonu Degisim Orani Arasindaki Nedensellik Iliskisi Uzerine Bir Deneme: Turkiye Ornegi

Levent Korap ()

Istanbul University Econometrics and Statistics e-Journal, 2009, vol. 9, issue 1, 56-74

Abstract: In 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.

Keywords: Inflation; Money Supply; Causality; Unit Root; Stationarity; Vector Autoregression; Generalized Impulse-Response Shocks; Turkish Economy (search for similar items in EconPapers)
JEL-codes: C23 H62 O52 (search for similar items in EconPapers)
Date: 2009
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http://eidergisi.istanbul.edu.tr/sayi9/iueis9m4.pdf (application/pdf)

Related works:
Working Paper: Parasal büyüme ve tüketici enflasyonu değişim oranı arasındaki nedensellik ilişkisi üzerine bir deneme: Türkiye örneği (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ist:ancoec:v:9:y:2009:i:1:p:56-74

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