Türkiye'deki parasal aktarım mekanizmasının ve makroekonomik değişimlerin VAR analizleri ile ölçülmesi.

This thesis investigates the nature of macroeconomic changes by focussing on the monetary policy changes in Turkey between 1990Q1-2011Q4 and assesses the variability of the economy via impulse response functions obtained from VAR analyses. The period of the analyses is characterized with changes of the definitions of monetary aggregates in 2002 and 2007. In order to have consistent monetary series, the new and old series are constructed according to new and old definitions and then analyses are carried out with each type of series and comparisons are given among the monetary series.M.S. - Master of Scienc

EFFECTIVENESS OF AGRICULTURAL SUPPORTS ACROSS OECD AND SELECTED COUNTRIES UNDER THE WTO SPELL

Agricultural supports are among the most favored policies of governments to affect domestic welfare and maintain food security. Supports provided take many forms ranging from those distorting prices and production to de-coupled ones with no link to production. In addition to budgetary or climatic restrictions, countries also face challenges due to the terms of the WTO about types of supports. In line with the WTO mandates, this study analyses the impact of supports by excluding market price supports, that are the biggest parts of distorting supports. Using the OECD and FAO databases, it is shown that there is a discrepancy between crops and animal products with respect to the impact of supports with no significant impact noted for animal products. It is also considered that analyses conducted with different types of supports and products could create a solid basis for suggesting counter arguments against the WTO mandates

Product-level estimates of exchange rate pass-through: evidence from Turkey

We estimate the export and import pass-through rates using product-level data from Turkey. We find that the Turkish lira (TRY) exchange rate changes are mostly passed on to TRY prices of exports and imports—and, therefore, modestly to their prices in trading partners' currencies. The rate of average pass-through to TRY prices is estimated at 89% for imported goods and 82% for exported goods, with no apparent lags in the impact. Pass-through estimates by sector show variation and are relatively low for food and agricultural products. We argue that the fine-grained product-level data enable us to estimate the pass-through rates with better reliability and precision than we could by using only aggregated time-series data. We also introduce a pooled equation to estimate the difference between the export and import pass-through rates—a potentially useful statistic—in a way that allows for statistical inference