Paranın Yansızlığı Hipotezinin Orta Doğu Ülkeleri İçin Test Edilmesi

Abstract

Paranın Yansızlığı Hipotezi, iktisatçılar arasında geniş destek gören görüşlerden biridir. Bu görüşe göre, para arzındaki beklenmeyen ve sürekli bir değişimin uzun dönemde reel GSYİH üzerinde hiçbir etkisi yoktur. Bu da para politikalarının etkin olmadığı anlamına gelmektedir. Bu çalışma seçilen 12 ülke için 1980-2015 verileri kullanılarak yapılan analizle Paranın Yansızlığı Hipotezinin test etmeyi amaçlamaktadır. Elde edilen sonuçlar, seçilen ülkelerde paranın yansız olduğunu ortaya koymaktadır.

Keywords

• Paranın Yansızlığı Hipotezi,Eşbütünleşme,Panel Veri

Testing the Money Neutrality Hypothesis in the Middle Eastern Countries

Abstract

The Money Neutrality Hypothesis is a widely supported view among economists. According to this view, unexpected and permanent change on money supply, has no effect on real GDP in the long run. That refers to ineffectiveness of monetary policy. The aim of this study is to test the Neutrality of Money Hypothesis for 12 countries by using 1980-2015 data. The results obtained from tests implies that neutrality of money hypothesis accepted for selected countries.

Keywords

• The Neutrality of Money Hypothesis,Cointegration,Panel Data

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