Browsing by Keywords "Monetary policy"
Now showing items 1-20 of 51
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Appropriate policy tools to manage capital flow externalities
(Palgrave Macmillan, London, 2015)Central banks are at the forefront of cyclical policymaking. They therefore become natural candidates to take over all cyclical policy objectives. This is often the case in policies for controlling capital inflows. Giving ... -
Assessing the effects of a policy rate shock on market interest rates: interest rate pass-through with a FAVAR model–the case of Turkey for the inflation-targeting period
(2018-07-29)The purpose of this paper is to investigate the effectiveness of the central bank’s policy rate on market interest rates in Turkey for the inflation-targeting period. Empirical evidence suggests that (i) all interest ... -
Asymmetric effects of central bank funding on commercial banking sector behaviour
(Taylor & Francis, 2019-02-18)In this paper, we assess the effects of Central Bank Funding (C.B.F.) on commercial bank lending behaviour by using weekly Turkish data from 7 January 2011 to 5 June 2015. To be specific, using the Nonlinear Autoregressive ... -
Asymmetric effects of monetary policy shocks on economic performance: empirical evidence from Turkey
(Routledge, 2016)This study investigates the asymmetric effects of monetary policy shocks on the macroeconomic variables of exchange rate, output and inflation for an emerging economy ‒ Turkey ‒ by using monthly data between 1990 and 2014. ... -
Cari açık, bütçe dengesi, finansal istikrar ve para politikası: Heyecanlı bir dönemin izi
(Bilgesel Yayıncılık San. ve Tic. Ltd., 2012-06-01)2001 krizi Türkiye iktisat tarihinde önemli bir milattır. Bu makalede kriz sonrası dönemi 2002-2006 ve 2007-2012 alt dönemlerinde inceliyoruz. 2002-2006 güçlü bir stabilizasyon programının başarıyla uygulandığı, ... -
A century and three-quarters of bank rate and long-term interest rates in the United Kingdom
(Wiley-Blackwell Publishing Ltd., 2017)Over the years from 1844 to 2013, the United Kingdom had several distinct monetary policy regimes. This paper examines the relationship between the Bank of England policy rate and UK long-term rates in each regime. Our ... -
Coordination between monetary policy and fiscal policy for an inflation targeting emerging market
(Pergamon Press, 2010)Several studies including Blanchard (2004) and Favero and Giavazzi (2004) imply that in emerging market economies, a tight monetary policy within an inflation-targeting framework could actually increase the price level due ... -
Dynamic integration and network structure of the EMU sovereign bond markets
(Springer, 2019)In this paper, we propose a novel concept of correlation-based stable networks to empirically investigate the dynamic integration and network structure of the European Monetary Union (EMU) sovereign bond markets. The ... -
Effectiveness of monetary policy under different levels of capital flows for an emerging economy: Turkey
(Routledge, 2015)This article assesses the effect of tight monetary policy on economic performance under different levels of capital flows. Empirical evidence from Turkey between 1990 and 2013 suggests that tight monetary policy measured ... -
The effects of anticipated and unanticipated federal funds target rate changes on domestic interest rates: international evidence
(S.E.I.F at Paris, 2010)This paper assesses the effects of anticipated and unanticipated United States Federal Funds target rate changes on the domestic interest rates of a set of countries for the period from June 1989 to August 2008. The empirical ... -
The effects of changes in the anticipated and unanticipated fed funds target rate on financial indicators: the case of an emerging market country-Turkey
(European Journals Inc., 2007)This paper puts forward the thesis that neither the changes in FED Funds anticipated target rate nor the FED Funds unanticipated target changes can be expected to affect the financial indicators of all emerging markets. ... -
Essays on forward guidance
(Bilkent University, 2014)This dissertation consists of three essays on forward guidance, central bank verbal guidance on future policy rates, and shows how economies respond to it both theoretically and empirically. In the first essay the effects ... -
Essays on macroeconomics
(Bilkent University, 2017-09)This dissertation consists of four essays on macroeconomics with a special focus on monetary economics, and shows the rationale behind non-optimality of expectation formation both empirically and theoretically. The first ... -
Essays on macroeconomics
(Bilkent University, 2015-09)This dissertation consists of three essays on two topics in macroeconomics. The first essay focuses on the monetary policy implications in an aging society. The second and third essays revisit the famous Shimer puzzle ... -
Five essays on monetary policy applications in an open economy under economic uncertainty and shocks
(Bilkent University, 2004)In this dissertation, we analyzed the monetary policy applications under uncertainty and shocks and their effects on the economy. The uncertainties we concern are inflation uncertainty and exchange rate risk, whereas the ... -
The implicit reaction function of the Central Bank of the Republic of Turkey
(Routledge, 2000)Reviewing the implicit reaction function estimation under different specifications, it appears that the Central Bank of the Republic of Turkey (CBRT) responds to the lagged inflation rate rather than the forward one, M2Y ... -
Inflation and inflation uncertainty in the G-7 countries
(Elsevier BV, 2005)This study examines the relationship between inflation and inflation uncertainty in the G-7 countries for the period from 1957 to 2001. The causality between the inflation and inflation uncertainty is tested by using the ... -
Inflation targeting, employment creation and economic development: assessing the impacts and policy alternatives
(Routledge, 2008)Inflation targeting (IT) has recently become the dominant monetary policy prescription for both developing and industrialized countries alike. Emerging market governments, in particular, are increasingly pressured to follow ... -
Interest rate pass-through in Turkey and impact of global financial crisis: asymmetric threshold cointegration analysis
(Taylor & Francis, 2013)This paper aims to investigate the interest rate pass-through of monetary policy rate to banking retail rates in Turkey by employing the asymmetric threshold autoregressive (TAR) and momentum threshold autoegressive (MTAR) ... -
Introduction
(Palgrave Macmillan, London, 2015)Currency flows have always been a leading policy concern, especially in emerging markets. The long Japanese slump, the ensuing very low interest rates in Japan that have lasted 20 years, and the carry trades this fostered ...
