| Yazarlar |
Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye |
| Özet |
| The goal of this paper is to measure the impacts of monetary policy shocks in Turkey using monthly data spanning the period 2011:M01–2021:M12. To that end, the paper extends the structural vector autoregressive (SVAR) methodology with structural breaks. The findings show that a positive monetary policy shock, namely an increase in interest rates, results in a decrease in consumer prices and the exchange rate. The findings also exhibit that a positive shock in the exchange rate, namely the depreciation of the TRY against foreign currencies, increases interest rates and consumer prices. The implications of these findings in terms of monetary policy in Turkey are discussed in the paper. |
| Anahtar Kelimeler |
| Control horizon | Exchange rate pass-through | Monetary policy | Structural breaks | Structural VAR analysis | The Central Bank of the Republic of Turkey |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | ESCI dergilerinde yayımlanan tam makale |
| Dergi Adı | INTERNATIONAL JOURNAL OF ECONOMIC POLICY STUDIES |
| Dergi ISSN | 2524-4892 |
| Dergi Tarandığı Indeksler | ESCI |
| Makale Dili | İngilizce |
| Basım Tarihi | 02-2023 |
| Cilt No | 17 |
| Sayı | 1 |
| Sayfalar | 117 / 132 |
| Doi Numarası | 10.1007/s42495-022-00095-4 |
| Makale Linki | http://dx.doi.org/10.1007/s42495-022-00095-4 |
| Atıf Sayıları | |
| Google Scholar | 1 |
