EN
Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil
Abstract
The inflation targeting (IT) strategy may create structural changes in macroeconomic variables. This study analyzes the effect of the IT strategy on the price-money supply relationship in Turkey and Brazil by Kejriwal-Perron cointegration analysis with structural breaks. The analysis aims to determine whether the IT strategy leads to regime shifts in the price index-money supply relationship in Turkey and Brazil. The Kejriwal-Perron tests reveal a structural break in the price-money supply relationship as a result of the IT strategy. In both countries, the implementation of this strategy leads to a decrease in the regime coefficients for Turkey while it creates an increase for Brazil. When Turkey and Brazil are compared in terms of money-price relationship after the IT strategy, the study reveals that it has weakened more in Brazil.
Keywords
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
-
Yayımlanma Tarihi
1 Eylül 2015
Gönderilme Tarihi
1 Eylül 2015
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2015 Cilt: 5 Sayı: 3
APA
Dumrul, C., & Dumrul, Y. (2015). Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil. International Journal of Economics and Financial Issues, 5(3), 701-708. https://izlik.org/JA32AF35KU
AMA
1.Dumrul C, Dumrul Y. Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil. IJEFI. 2015;5(3):701-708. https://izlik.org/JA32AF35KU
Chicago
Dumrul, Cuneyt, ve Yasemin Dumrul. 2015. “Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil”. International Journal of Economics and Financial Issues 5 (3): 701-8. https://izlik.org/JA32AF35KU.
EndNote
Dumrul C, Dumrul Y (01 Eylül 2015) Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil. International Journal of Economics and Financial Issues 5 3 701–708.
IEEE
[1]C. Dumrul ve Y. Dumrul, “Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil”, IJEFI, c. 5, sy 3, ss. 701–708, Eyl. 2015, [çevrimiçi]. Erişim adresi: https://izlik.org/JA32AF35KU
ISNAD
Dumrul, Cuneyt - Dumrul, Yasemin. “Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil”. International Journal of Economics and Financial Issues 5/3 (01 Eylül 2015): 701-708. https://izlik.org/JA32AF35KU.
JAMA
1.Dumrul C, Dumrul Y. Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil. IJEFI. 2015;5:701–708.
MLA
Dumrul, Cuneyt, ve Yasemin Dumrul. “Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil”. International Journal of Economics and Financial Issues, c. 5, sy 3, Eylül 2015, ss. 701-8, https://izlik.org/JA32AF35KU.
Vancouver
1.Cuneyt Dumrul, Yasemin Dumrul. Price-Money Relationship After Inflation Targeting: Cointegration Test With Structural Breaks For Turkey and Brazil. IJEFI [Internet]. 01 Eylül 2015;5(3):701-8. Erişim adresi: https://izlik.org/JA32AF35KU