The Stability Analysis of The Money Demand with ARDL Model Approach in Inflation Targeting Process: The Cases of Turkey and Indonesia

Basit Öğe Kaydı
dc.contributor.authorAtgur, Musa
dc.contributor.authorAltay, N. Oguzhan
dc.date.accessioned2019-10-27T19:54:02Z
dc.date.available2019-10-27T19:54:02Z
dc.date.issued2015
dc.departmentEge Üniversitesien_US
dc.description.abstractThis paper examines the relationship between the money demand and determinants of the money demand during the inflation targeting in Turkey and Indonesia. The research uses data from 2002:Q1-2013:Q2 time period for Turkey and 1991:Q1-2013:Q2 term for Indonesia. Autoregressive Distributed Lag (ARDL) Model and CUSUM Test results have shown not found a relationship between income level, interest rate and inflation with money demand for both short-run and long-run in Turkey. In contrast, the research has found a significant and stable relationship between income level, interest rate and inflation just for long-run in Indonesia. This finding shows that there is not a structural break to change the direction of stability. In this context, the findings are also important to show that we cannot make a generalization regarding the stability of money demand for the time period in which inflation targetting regime was implemented.en_US
dc.identifier.endpage97en_US
dc.identifier.issn1306-6730
dc.identifier.issn1306-6730en_US
dc.identifier.issue1en_US
dc.identifier.startpage79en_US
dc.identifier.urihttps://hdl.handle.net/11454/40416
dc.identifier.volume10en_US
dc.identifier.wosWOS:000441974700004en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isotren_US
dc.publisherEskisehir Osmangazi Univ, Fac Educationen_US
dc.relation.ispartofEskisehir Osmangazi Universitesi Iibf Dergisi-Eskisehir Osmangazi University Journal of Economics and Administrative Sciencesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectThe Money Demanden_US
dc.subjectARDL Modelen_US
dc.titleThe Stability Analysis of The Money Demand with ARDL Model Approach in Inflation Targeting Process: The Cases of Turkey and Indonesiaen_US
dc.typeArticleen_US

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