Asymmetric Effectiveness of Monetary and Fiscal Policies: Evidence from Turkey
نویسندگان
چکیده
This study assesses the asymmetric effectiveness of Turkey's monetary policy and fiscal under inflation targeting regime in period 2006-2020. We employed non-linear autoregressive distributed lag (NARDL) method Hatemi-J causality test with assistance St. Louis equation, which relates growth nominal income money supply public expenditures. The NARDL model revealed that an increase gross domestic product (GDP) has a positive relationship. On other hand, decrease government expenditures have no significant relationship GDP. In addition, results showed between It demonstrates Turkey during 2006-2020 is endogenous.
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ژورنال
عنوان ژورنال: World journal of applied economics
سال: 2022
ISSN: ['2459-0126']
DOI: https://doi.org/10.22440/wjae.8.1.1