Turkish monetary policy and components of aggregate demand: a VAR analysis with sign restrictions model
buir.contributor.author | Berument, Hakan | |
dc.citation.epage | 4798 | en_US |
dc.citation.issueNumber | 36 | en_US |
dc.citation.spage | 4787 | en_US |
dc.citation.volumeNumber | 44 | en_US |
dc.contributor.author | Berument, Hakan | en_US |
dc.contributor.author | Denaux, Z. | en_US |
dc.contributor.author | Yalcin, Y. | en_US |
dc.date.accessioned | 2016-02-08T09:43:38Z | |
dc.date.available | 2016-02-08T09:43:38Z | |
dc.date.issued | 2012 | en_US |
dc.department | Department of Economics | en_US |
dc.description.abstract | This 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.description.provenance | Made available in DSpace on 2016-02-08T09:43:38Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2012 | en |
dc.identifier.doi | 10.1080/00036846.2011.564151 | en_US |
dc.identifier.eissn | 1466-4283 | |
dc.identifier.issn | 0003-6846 | |
dc.identifier.uri | http://hdl.handle.net/11693/21246 | |
dc.language.iso | English | en_US |
dc.publisher | Routledge | en_US |
dc.relation.isversionof | http://dx.doi.org/10.1080/00036846.2011.564151 | en_US |
dc.source.title | Applied Economics | en_US |
dc.subject | Agnostic identification | en_US |
dc.subject | Monetary policy | en_US |
dc.subject | Vector autoregression | en_US |
dc.subject | Demand analysis | en_US |
dc.subject | Investment | en_US |
dc.subject | Macroeconomics | en_US |
dc.subject | Model test | en_US |
dc.subject | Monetary policy | en_US |
dc.subject | Policy approach | en_US |
dc.subject | Variance analysis | en_US |
dc.subject | Vector autoregression | en_US |
dc.subject | Turkey | en_US |
dc.title | Turkish monetary policy and components of aggregate demand: a VAR analysis with sign restrictions model | en_US |
dc.type | Article | en_US |
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