Business, Management and Accounting
3 years ago

Turkey's Money Multipliers Challenge Traditional Economic Models, Urging Reevaluation.

SSRN Electronic Journal
Money Multipliers’ Behavior in Developing Economies
Haluk Ferden Gursel

Paper Summary

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The article examines how money multipliers behave in Turkey from 1952 to 1972. The researchers created a model specific to Turkey's conditions and tested it with real data. Surprisingly, the results differed from previous studies on money multipliers in Turkey, suggesting the need for a more detailed model for accurate testing.