CORE
🇺🇦
make metadata, not war
Services
Services overview
Explore all CORE services
Access to raw data
API
Dataset
FastSync
Content discovery
Recommender
Discovery
OAI identifiers
OAI Resolver
Managing content
Dashboard
Bespoke contracts
Consultancy services
Support us
Support us
Membership
Sponsorship
Community governance
Advisory Board
Board of supporters
Research network
About
About us
Our mission
Team
Blog
FAQs
Contact us
Measuring the impacts of monetary policy in Turkey: an extended structural vector autoregressive model with structural breaks
Authors
Umit Bulut
Publication date
1 January 2023
Publisher
'Springer Science and Business Media LLC'
Doi
Cite
Abstract
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. © 2022, Japan Economic Policy Association (JEPA)
Similar works
Full text
Open in the Core reader
Download PDF
Available Versions
Kırşehir Ahi Evran University Institutional Repository
See this paper in CORE
Go to the repository landing page
Download from data provider
oai:openaccess.ahievran.edu.tr...
Last time updated on 23/06/2023
Kırşehir Ahi Evran University Institutional Repository
See this paper in CORE
Go to the repository landing page
Download from data provider
oai:openaccess.ahievran.edu.tr...
Last time updated on 23/06/2023