Applieng monetary policies after 1980 in Turkey and economic results

Monetary policies are being used frequently day by day in economy policies.In this respect, monetary policy is discussed by different approaches to explain theplace of economy policies in the monetary policies which have been used in Turkey.Beside this, monetary policy objectives, strategies and applied monetary policyinstruments? development and changes have been explained with its reasons to reachthose objectives and strategies and Turkish monetary policy?s effects on the macroeconomic variables have been analysed by vector autoregression method.Achieved results showed that; in examined period, there is a one sided andstrong relation through central bank money to deposit interests and balance ofpayment. In addition, there is a bilateral and strong causal relation from central bankmoney to unemployment and unemployment to central bank money. In the test ofcausality, there is not a strong causality determined between increase of central bankmoney and Gross Domestic Product (GDP) and Consumer Price Index (CPI).