{"id":3551,"date":"2017-03-15T00:46:32","date_gmt":"2017-03-14T21:46:32","guid":{"rendered":"http:\/\/www.berjournal.com\/?p=3551"},"modified":"2017-03-18T06:15:08","modified_gmt":"2017-03-18T03:15:08","slug":"stability-of-money-demand-function-in-turkey","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/stability-of-money-demand-function-in-turkey","title":{"rendered":"Stability of Money Demand Function in Turkey"},"content":{"rendered":"

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Makale Bilgileri<\/td>\n<\/tr>\n
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Dergi:<\/td>\nBusiness and Economics Research Journal<\/td>\n<\/tr>\n
Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\nStability of Money Demand Function in Turkey<\/td>\n<\/tr>\n
Yazar(lar):<\/td>\nO\u011fuz T\u00fcmt\u00fcrk<\/td>\n<\/tr>\n
Cilt:<\/td>\n8<\/td>\n<\/tr>\n
Say\u0131:<\/td>\n1<\/td>\n<\/tr>\n
Y\u0131l:<\/td>\n2017<\/td>\n<\/tr>\n
Sayfa:<\/td>\n35-48<\/td>\n<\/tr>\n
ISSN:<\/td>\n1309-2448<\/td>\n<\/tr>\n
DOI Numaras\u0131:<\/td>\n10.20409\/berj.2017126243<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
\u00d6z<\/td>\n<\/tr>\n
The purpose of this study is to investigate the money demand function and its stability in Turkey using annual data over the period of 1970 and 2013. Based on the three specifications of money demand function, cointegration and the dynamic regression estimation results reveal that more flexible version of money demand specification that links the log of real money balances, ln M\/P, to the log of real GDP, ln Y\/P, and the log of the nominal interest rate, lni, performs better than the money demand specifications assuming unitary income elasticities. Moreover, based on the stability test on the flexible specification of money demand, the narrow monetary aggregate M1 is found to be stable.<\/td>\n<\/tr>\n
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Anahtar Kelimeler:<\/td>\nMoney Demand, Income and Interest Elasticities, Stability, Dynamic OLS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n
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JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\nE41, E52<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Stability of Money Demand Function in Turkey Yazar(lar): O\u011fuz T\u00fcmt\u00fcrk Cilt: 8 Say\u0131: 1 Y\u0131l: 2017 Sayfa: 35-48 ISSN: 1309-2448 DOI Numaras\u0131: 10.20409\/berj.2017126243 \u00d6z The purpose of this study is to investigate the money demand function and its stability in Turkey using annual data over […]<\/p>\n

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