Türkiye'de kur geçişkenliğinin asimetrik davranışı

This thesis investigates the presence of asymmetry in pass through fromexchange rates to manufacturing industry prices in Turkey. In the analysis, to detect apossible nonlinear response of prices, threshold regression models are employed. Theresults indicate that reactions of prices to exchange rate movements differ dependingon the aggregate demand conditions. In particular, when the economy is booming,exchange rate changes are transmitted into prices in a larger extent. On the otherhand, during slowdowns, fluctuations of exchange rates are not reflected on pricesand past inflation has more important role in determining prices.