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- W3141913478 abstract "This study investigates the validity of the policy ineffectiveness hypothesis of Rational Expectations-Natural Rate Models that only unanticipated policy changes affect stock prices by using Turkish data over the period of 1986:1-1999:3. The procedure used to test the hypothesis is the autoregressive system introduced by McGee and Stasiak (1985). The empirical results reported in this paper imply that both anticipated and unanticipated monetary policy appears to play a significant expansionary impact upon stock prices. Such evidence for Turkey strongly rejects the policy ineffectiveness hypothesis of Rational Expectations-Natural Rate Models." @default.
- W3141913478 created "2021-04-13" @default.
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- W3141913478 date "2002-01-01" @default.
- W3141913478 modified "2023-09-26" @default.
- W3141913478 title "Anticipated Money Growth and Stock Prices in Turkey" @default.
- W3141913478 hasPublicationYear "2002" @default.
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