TÜRKİYE’DE PARA POLİTİKASI ARAÇLARININ İSTİHDAM DÜZEYİ ÜZERİNE ETKİSİ: ARDL SINIR TESTİ YAKLAŞIMI
THE IMPACT OF MONETARY POLICY INSTRUMENTS ON EMPLOYMENT LEVEL IN TURKEY: ARDL BOUNDS TESTING APPROACH
Author(s): Mehmet Kara, Gizem BaşSubject(s): Financial Markets
Published by: Haci Mustafa Paksoy
Keywords: ARDL Analysis; Employment; Monetary Policy Instruments; Turkey;
Summary/Abstract: In this research paper, the association between monetary policy instruments and employment level is analyzed for Turkey in the period of 2011:01-2019:01 by applying monthly dataset. In the scope of ARDL model, unrestricted error correction model and bounds testing approach is used as analysis method. Firstly, bounds test is used and the long-run relationship between the variables is determined. In addition, both in the short and long term, there was a statistically and economically significant relationship between the Late Liquidity Window (GLP) Interest Rate and money supply (M3) and employment level.
Journal: İktisadi İdari ve Siyasal Araştırmalar Dergisi (İKTİSAD)
- Issue Year: 5/2020
- Issue No: 12
- Page Range: 106-115
- Page Count: 10
- Language: Turkish