{"product_id":"the-monetary-base-approach-the-turkish-case-von-sezer-bozkus-kahyaoglu","title":"The Monetary Base Approach: The Turkish Case","description":"\u003cp\u003eA detailed discussion on the econometric performance  of Turkey is presented considering the relevancy of  monetary base approach, i.e. the monetary ans  interest rate policies, and financial markets and  instruments in Turkey. The stability of the  multiplier is tested in two seperate notions: that  of the short-run predictability and the long-run  stability. The parametric components of the money  multiplier, i.e. the currency and reserve ratios are  further investigated since the test results suggest  the existence of an unstable multiplier in Turkey.  The long run equilibrium relation between the supply  of money, national income, and the rate of inflation  is estimated using Engle- Granger two step method to  construct the cointegrating relation and to specify  the error correction mechanism for the mpney demand  function in Turkey. Finally, we report our empirical  findings and discuss the policy requirements of an  unstable multiplier for Turkish Economy.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838327709\"\u003e\u003ch3\u003eMonetary Base Approach for Turkey\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838327709","offer_id":39498908696669,"sku":"9783838327709","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/5999539c-648b-4376-83d6-0ebb39407adb.jpg?v=1758952638","url":"https:\/\/shop.autorenwelt.de\/en\/products\/the-monetary-base-approach-the-turkish-case-von-sezer-bozkus-kahyaoglu","provider":"Autorenwelt Shop","version":"1.0","type":"link"}