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- Title
Asset Price Channel: Evidence from Turkey.
- Authors
ŞENGÜN, Gülden; AMANOV, Akmyrat
- Abstract
The power and interaction process of the effects of decisions on monetary policy on economic indicators remains uncertain. The asset price channel explains dynamic interactions of monetary policy. In this study, the effectiveness of asset price channel in Turkey's economy for a sample period of 2003Q1-2017Q4 was examined. The ARDL modeling and bounds testing is used to show long-run relationships between variables. According to the findings; there is a long-run equilibrium relationship between the stock prices and the investment expenditures, while there is no long-run relationship between the stock prices and consumption expenditures. To conclude, stock prices have a predictable effect on the investment expenditures, and stock prices may be a good indicator of economic activities.
- Subjects
ASSET management; ECONOMIC indicators; ECONOMIC conditions in Turkey
- Publication
Dogus University Journal / Doğuş Üniversitesi Dergisi, 2019, Vol 20, Issue 2, p89
- ISSN
1302-6739
- Publication type
Article