In this study, the validity of the P-Star model has been examined under M1, M2, M2Y and M3 monetary aggregates for the Turkish economy. Long-run velocities of alternative monetary aggregates and potantial reel income have been produced by Hodrick - Prescott filter. The findings of study have showed that price gap, velocity gap and income gap can be used for inftatian indicator. This result has been also found to be consistent in the light of the alternative monetary aggragetes.
Key words: P-Star Model, Price Gap, Income Gap, Velocity Gap and Inflation Indicator
scite shows how a scientific paper has been cited by providing the context of the citation, a classification describing whether it supports, mentions, or contrasts the cited claim, and a label indicating in which section the citation was made.
The articles in Bibliomed are open access articles licensed under Creative Commons Attribution 4.0 International License (CC BY), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
We use cookies and other tracking technologies to work properly, to analyze our website traffic, and to understand where our visitors are coming from. More InfoGot It!
