Advanced search
Publication Cover
Applied Economics Letters Volume 30, 2023 - Issue 21
Submit an article Journal homepage
285
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Time-varying causality between money supply growth and inflation: new evidence from Turkey

İ̇lhan Eroglua Faculty of Economics and Administrative Sciences, Tokat Gaziosmanpasa University, Tokat, Turkey
&
Fatih Yeterb Pazar Vocational School of Higher Education, Tokat Gaziosmanpasa University, Tokat, TurkeyCorrespondence[email protected]
Pages 3094-3098 | Published online: 18 Dec 2022

References

  • Adams, J. 1993. “Institutions and Economic Development: Structure, Process, and Incentive.” In Institutional Economics: Theory, Method, Policy, 245–281. Dordrecht: Springer.
  • Baum, C. F., S. Hurn, and J. Otero. 2022. “Testing for Time-Varying Granger Causality.” The Stata Journal: Promoting Communications on Statistics and Stata 22 (2): 355–378. doi:10.1177/1536867X221106403.
  • Colander, D. 2009. Macroeconomics. Eighth ed. The McGraw-Hill series economics.
  • Friedman, M. (1970). “Counter-Revolution in Monetary Theory. Wincott Memorial Lecture, Institute of Economic Affairs.” Occasional paper, 33.
  • Granger, C. W. 1996. “Can We Improve the Perceived Quality of Economic Forecasts?” Journal of Applied Econometrics 11 (5): 455–473. doi:10.1002/(SICI)1099-1255(199609)11:5<455:AID-JAE408>3.0.CO;2-E.
  • Hicham, A. 2020. “Money Supply, Inflation and Economic Growth: Co-Integration and Causality Analysis.” Studia Universitatis Babes Bolyai-Oeconomica 65 (2): 29–45. doi:10.2478/subboec-2020-0008.
  • İ̇slatince, H. 2017. “Para arzı ve enflasyon ilişkisi: Türkiye için nedensellik analizi (1988-2016).” Anadolu Üniversitesi Sosyal Bilimler Dergisi 17 (3): 43–56. doi:10.18037/ausbd.417274.
  • Moore, B. 1983. “Unpacking the Post Keynesian Black Box: Bank Lending and the Money Supply.” Journal of Post Keynesian Economics 5 (4): 537–556. doi:10.1080/01603477.1983.11489391.
  • Nasir, M. A., T. L. D. Huynh, and X. V. Vo. 2020. “Exchange Rate Pass-Through & Management of Inflation Expectations in a Small Open Inflation Targeting Economy.” International Review of Economics & Finance 69: 178–188. doi:10.1016/j.iref.2020.04.010.
  • Ozmen, A. 2000. “Para arzı ile enflasyon arasındaki nedensel ilişkinin araştırılmasında çapraz korelasyon çözümlemesi ve Türkiye örneği.” Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 16 (1): 539–559.
  • Perron, P. 1989. “The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis.” Econometrica: Journal of the Econometric Society 57 (6): 1361–1401. doi:10.2307/1913712.
  • Pham, T. A. T., T. T. Nguyen, M. A. Nasir, and T. L. D. Huynh. 2020. “Exchange Rate Pass-Through: A Comparative Analysis of Inflation Targeting & Non-Targeting ASEAN-5 Countries.” The Quarterly Review of Economics and Finance. doi:10.1016/j.qref.2020.07.010.
  • Shi, S., P. C. Phillips, and S. Hurn. 2018. “Change Detection and the Causal Impact of the Yield Curve.” Journal of Time Series Analysis 39 (6): 966–987. doi:10.1111/jtsa.12427.
  • Su, C. W., J. J. Fan, H. L. Chang, and X. L. Li. 2016. “Is There Causal Relationship Between Money Supply Growth and Inflation in China? Evidence from Quantity Theory of Money.” Review of Development Economics 20 (3): 702–719. doi:10.1111/rode.12194.
  • Thoma, M. A. 1994. “Subsample Instability and Asymmetries in Money–Income Causality.” Journal of Econometrics 64 (1–2): 279–306. doi:10.1016/0304-4076(94)90066-3.
  • Wray, L. R. 1993. “Money, Interest Rates, and Monetarist Policy: Some More Unpleasant Monetarist Arithmetic?” Journal of Post Keynesian Economics 15 (4): 541–569. doi:10.1080/01603477.1993.11489959.
  • Yenisu, E. 2019. “Türkiye’de enflasyonun makroekonomik belirleyicileri: Toda-Yamamoto nedensellik analizi.” Siyaset, Ekonomi ve Yönetim Araştırmaları Dergisi 7 (1): 43–58.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.