THE RELATIONSHIP BETWEEN INFLATION AND CONSUMER CREDITS: FINDINGS OF THE ASYMMETRIC CASUALITY TEST FOR TÜRKİYE

Authors : Levent Sezal, Ahmet Şerbetçi

Pages : 234-246

Doi:10.14780/muiibd.1343460

View : 110 | Download : 121

Publication Date : 2023-12-08

Article Type : Research

Abstract :Inflation, which is defined as the continuous increase in the general level of prices, is one of the important factors that hinder the economic and social development of a country. On the one hand, inflation affects the amount of bank loans, on the other hand, bank loans can cause inflation. From this point of view, in this study, it is aimed to investigate the causality relationship between inflation and consumer loans for the period 2005/12-2023/06 in Türkiye. "Whether or not there is causality between the variables, and if there is a causal relationship, the directions were analyzed using the \"Toda-Yamamoto\" method. According to the results of the Toda-Yamamoto causality test, a causal relationship was found between inflation and housing and vehicle loans at the 5% significance level.” On the other hand, no mutual causality relationship was detected between the variables of inflation and consumer loans.
Keywords : Enflasyon, TÜFE, Tüketici Kredileri, Todo-Yamamoto Nedensellik Testi