| Yazarlar (2) |
Işık Sayım
|
Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye |
| Özet |
| The goal of this paper is to examine the impacts of the monetary transmission mechanisms on inflation in Türkiye using monthly data over the period 2006: M01-2021: M11. To this end, the paper considers the interest rate channel, the exchange rate channel, and the credit channel as the main monetary transmission channels. For unit root and cointegration analyses, the paper relaxes the assumption of linearity and employs time series methods based on nonlinear models. Besides, the paper performs a causality test based on the bootstrapping procedure. The findings indicate that the inflation rate is positively related to the interest rate, the exchange rate, and the credit growth rate and that all these variables have predictive power in forecasting future inflation rates in Türkiye. These results imply the existence of efficient monetary transmission channels in Türkiye. Theoretical and practical implications are discussed. |
| Anahtar Kelimeler |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | Diğer hakemli uluslarası dergilerde yayınlanan tam makale |
| Dergi Adı | Ekonomik Yaklaşım |
| Dergi ISSN | 2791-9439 |
| Dergi Tarandığı Indeksler | EconLit |
| Makale Dili | İngilizce |
| Basım Tarihi | 09-2024 |
| Cilt No | 35 |
| Sayı | 312 |
| Sayfalar | 301 / 325 |
| Makale Linki | https://www.ekonomikyaklasim.org/fulltext/94-1706686424.pdf?1728125230 |
