Telatar, Erdinc; Hasanov, Mubariz - In: Applied Economics 38 (2006) 18, pp. 2199-2208
This paper examines whether there is an asymmetry in the effects of positive versus negative and small versus big money supply shocks, and whether the effects of the shocks on output and prices vary over the business cycles in the case of Turkey. Negative shocks to money are found to have...