Analysis results for the effectiveness of monetary policies with cointegration and causality analyses

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dc.authorid0000-0002-8072-031X
dc.authorid0000-0002-9858-1266
dc.contributor.authorDinçer, Hasan
dc.contributor.authorYüksel, Serhat
dc.date.accessioned2023-07-07T12:13:47Z
dc.date.available2023-07-07T12:13:47Z
dc.date.issued2022
dc.departmentİstanbul Medipol Üniversitesi, İşletme ve Yönetim Bilimleri Fakültesi, Uluslararası Ticaret ve Finansman Bölümü
dc.description.abstractThe aim of this chapter is to examine the effectiveness of the monetary policies in E7 economies. For this purpose, two different variables are selected, which are central bank interest rate and inflation rate. These variables are tested with the help of Kao panel cointegration analysis, Pedroni panel cointegration analysis, and Dumitrescu Hurlin panel causality analysis. Additionally, monthly data of these variables for the periods between 1996:01-2019:02 is used in the analysis process. The findings show that there is a long-term relationship between interest rate and inflation rate for E7 economies. This situation gives information that monetary policies are used effectively in these countries. On the other side, for all three different lags, it is concluded that interest is the main cause of the inflation rate. This situation gives information that interest rate decisions of the central banks in E7 economies are very successful to control the inflation rate.
dc.identifier.citationDinçer, H. ve Yüksel, S. (2022). Analysis results for the effectiveness of monetary policies with cointegration and causality analyses. Research Anthology on Macroeconomics and the Achievement of Global Stability içinde (925-958. ss.). IGI Global. https://dx.doi.org/10.4018/978-1-6684-7460-0.ch050
dc.identifier.doi10.4018/978-1-6684-7460-0.ch050
dc.identifier.endpage958
dc.identifier.isbn9781668474617
dc.identifier.isbn9781668474600
dc.identifier.scopus2-s2.0-85161857823
dc.identifier.scopusqualityN/A
dc.identifier.startpage925
dc.identifier.urihttps://dx.doi.org/10.4018/978-1-6684-7460-0.ch050
dc.identifier.urihttps://hdl.handle.net/20.500.12511/11167
dc.indekslendigikaynakScopus
dc.institutionauthorDinçer, Hasan
dc.institutionauthorYüksel, Serhat
dc.language.isoen
dc.publisherIGI Global
dc.relation.ispartofResearch Anthology on Macroeconomics and the Achievement of Global Stabilityen_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectCausality Analyses
dc.subjectMonetary Policies
dc.subjectAnalysis Results
dc.titleAnalysis results for the effectiveness of monetary policies with cointegration and causality analyses
dc.typeBook Chapter

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