The interest rate channel in Turkey: An investigation with Kalman filter approach
Küçük Resim Yok
Tarih
2013
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Econjournals
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The monetary authority affects the aggregate demand and investment expenditure via controlling short run interest rates. It is important to satisfy the price stability together with working interest rate channel. This study aims to investigate the validity of interest rate channel in Turkey since the inflation targeting period starting with the year 2002. The sample period covers quarterly data from 1990:1 to 2011:3. It is stated that after the 2002 efficiency of interest rate channel increases. © 2013, Econjournals. All rights reserved.
Açıklama
Anahtar Kelimeler
Kalman Filter, Markov Switching, Monetary Policy, Turkey
Kaynak
International Journal of Economics and Financial Issues
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
3
Sayı
4
