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dc.contributor.authorBerument, M. H.en_US
dc.contributor.authorDenaux, Z.en_US
dc.contributor.authorYalcin, Y.en_US
dc.date.accessioned2016-02-08T09:43:38Z
dc.date.available2016-02-08T09:43:38Z
dc.date.issued2012en_US
dc.identifier.issn0003-6846
dc.identifier.urihttp://hdl.handle.net/11693/21246
dc.description.abstractThis article estimates the effects of monetary policy on components of aggregate demand using quarterly data on Turkish economy from 1987-2008 by means of structural Vector Autoregression (VAR) methodology. This study adopts Uhlig's (2005) sign restrictions on the impulse responses of main macroeconomic variables to identify monetary shock. This study finds that expansionary monetary policy stimulates output through consumption and investment in the short-run. However, expansionary monetary policy is ineffective in the long-run. © 2012 Taylor & Francis.en_US
dc.language.isoEnglishen_US
dc.source.titleApplied Economicsen_US
dc.relation.isversionofhttp://dx.doi.org/10.1080/00036846.2011.564151en_US
dc.subjectAgnostic identificationen_US
dc.subjectMonetary policyen_US
dc.subjectVector autoregressionen_US
dc.subjectDemand analysisen_US
dc.subjectInvestmenten_US
dc.subjectMacroeconomicsen_US
dc.subjectModel testen_US
dc.subjectMonetary policyen_US
dc.subjectPolicy approachen_US
dc.subjectVariance analysisen_US
dc.subjectVector autoregressionen_US
dc.subjectTurkeyen_US
dc.titleTurkish monetary policy and components of aggregate demand: a VAR analysis with sign restrictions modelen_US
dc.typeArticleen_US
dc.departmentDepartment of Economics
dc.citation.spage4787en_US
dc.citation.epage4798en_US
dc.citation.volumeNumber44en_US
dc.citation.issueNumber36en_US
dc.identifier.doi10.1080/00036846.2011.564151en_US
dc.publisherRoutledgeen_US
dc.identifier.eissn1466-4283


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