Turkey's Money Demand Behavior Reveals Key Insights for Economic Stability
The researchers studied how the demand for money in Turkey changes based on different economic conditions. They used a special model to estimate this money demand function, considering factors like inflation uncertainty, gold prices, interest rates, and more. The results show that the demand for money is not always the same and can vary depending on the economic situation. This information can help policymakers make better decisions, especially when it comes to controlling inflation and stabilizing the economy.