An indicator of monetary conditions for Turkey
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Date
2010
Authors
AYŞE ÖZDEN BİRKAN
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Abstract
Bu çalismada Türkiye için 2003-2008 dönemi verileri ve vektör otoregresyon (VAR) yaklasimi kullanilarak bir parasal kosullar endeksi gelistirilmektedir. Endeksin agirliklari enflasyon oraninin kisa dönemli reel faiz ve Türk Lirasinin reel deger kazanma oraninda gerçeklesen bir standart sapmalik soklara verdigi genellestirilmis birikimli tepkiler esas alinarak olusturulmustur. Üretim ve enflasyonun faiz ve döviz kuruna gelen soklara verdigi tepki Türkiye ekonomisinin ilginç yapisal özelliklerini ortaya koymaktadir. Olusturulan endeksin yansittigi parasal kosullar enflasyonun sözü edilen dönemdeki hareketi ve açiklanan para politikasiyla tutarlidir.
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Source
Ekonomik Yaklaşım
Volume
21
Issue
74
Start Page
23
End Page
38
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