Paranın Yansızlığı Hipotezinin Orta Doğu Ülkeleri İçin Test Edilmesi

Year 2016, Volume: 1 Issue: 1-2, 6 - 12, 30.12.2016

Utku Büyükılgaz

https://doi.org/10.30784/epfad.323552

Cited By: 1

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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