Yıl 2018, Cilt 2, Sayı 3, Sayfalar 151 - 167 2018-09-30

An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach

Okyay UÇAN [1] , Ayşe ERGİN ÜNAL [2]

41 114

In this study negative interest rates that is denoted as an alternative monetary policy instrument in especially developed countries, are inquired to have a relation with economic growth on selected fragile countries using ARDL analysis for the period 1995-2016. The aim of the study is to discuss the applicability of negative interest policy for the high fragile countries including Turkey by analyzing the direction of the effect of negative interest on economic growth. On the other hand, the possible effects of negative interest rate policies on current account deficit beside savings and investments are assessed. In this context statistically significant and positive relation between economic growth and interest rates below zero is found in the developed countries that use negative interest as monetary policy. Moreover, there is also same relation in emerging fragile countries. However, there is difference to obtain the long run equilibrium. While this period is short for the developed countries, it is relatively long for the emerging fragile countries.
Negative interest, Monetary policy, Panel ARDL
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Birincil Dil en
Konular İşletme
Yayımlanma Tarihi September
Dergi Bölümü Makaleler
Yazarlar

Orcid: 0000-0001-5221-4682
Yazar: Okyay UÇAN (Sorumlu Yazar)
Kurum: NİĞDE ÖMER HALİSDEMİR ÜNİVERSİTESİ
Ülke: Turkey


Orcid: 0000-0001-6551-8933
Yazar: Ayşe ERGİN ÜNAL
Kurum: NİĞDE ÖMER HALİSDEMİR ÜNİVERSİTESİ

Bibtex @araştırma makalesi { fsecon435011, journal = {Fiscaoeconomia}, issn = {}, eissn = {2564-7504}, address = {Ahmet Arif EREN}, year = {2018}, volume = {2}, pages = {151 - 167}, doi = {10.25295/fsecon.2018.03.007}, title = {An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach}, key = {cite}, author = {UÇAN, Okyay and ERGİN ÜNAL, Ayşe} }
APA UÇAN, O , ERGİN ÜNAL, A . (2018). An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach. Fiscaoeconomia, 2 (3), 151-167. DOI: 10.25295/fsecon.2018.03.007
MLA UÇAN, O , ERGİN ÜNAL, A . "An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach". Fiscaoeconomia 2 (2018): 151-167 <http://dergipark.gov.tr/fsecon/issue/39490/435011>
Chicago UÇAN, O , ERGİN ÜNAL, A . "An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach". Fiscaoeconomia 2 (2018): 151-167
RIS TY - JOUR T1 - An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach AU - Okyay UÇAN , Ayşe ERGİN ÜNAL Y1 - 2018 PY - 2018 N1 - doi: 10.25295/fsecon.2018.03.007 DO - 10.25295/fsecon.2018.03.007 T2 - Fiscaoeconomia JF - Journal JO - JOR SP - 151 EP - 167 VL - 2 IS - 3 SN - -2564-7504 M3 - doi: 10.25295/fsecon.2018.03.007 UR - http://dx.doi.org/10.25295/fsecon.2018.03.007 Y2 - 2018 ER -
EndNote %0 Fiscaoeconomia An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach %A Okyay UÇAN , Ayşe ERGİN ÜNAL %T An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach %D 2018 %J Fiscaoeconomia %P -2564-7504 %V 2 %N 3 %R doi: 10.25295/fsecon.2018.03.007 %U 10.25295/fsecon.2018.03.007
ISNAD UÇAN, Okyay , ERGİN ÜNAL, Ayşe . "An Alternative Instrument Negative Interest for Economic Growth: An ARDL Analysis Approach". Fiscaoeconomia 2 / 3 (Eylül 2018): 151-167. http://dx.doi.org/10.25295/fsecon.2018.03.007