Monetary transmission mechanism in economy of Turkey: Exchange rate channel
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Abstract (EN)
In this study it's aimed to examine the impact of a monetary policy shock on output and prices for Turkey. Therefore, this paper is to explain firstly the channel of monetary transmission mechanism in general and to determine which monetary transmission channels work effectively in Turkey. Then in view of currency channel to explain in order to test the working of monetary transmission channel, VAR model is constructed and the results, which are based on impulse response functions and variance decomposition with quarterly aggregate data covering the period 1986-2010 , are reported Keywords: Monetary Mechanism, Monetary Transmission Channel , Exchange rate, VAR Model
Author
Serdar Moral
How to Cite
Serdar Moral (Master Thesis). Monetary transmission mechanism in economy of Turkey: Exchange rate channel, 2014, Akdeniz University.
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