Berument, M. Hakan; Denaux, Zulal; Yalcin, Yeliz - In: Applied Economics 44 (2012) 36, pp. 4787-4798
This article estimates the effects of monetary policy on components of aggregate demand using quarterly data on Turkish economy from 1987--2008 by means of structural Vector Autoregression (VAR) methodology. This study adopts Uhlig's (2005) sign restrictions on the impulse responses of main...