Now showing items 1-3 of 3
Monetary policy under a multiple-tool environment
(Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd, 2020)
Since the 2008 global financial crisis, central banks have been using a new set of policy tools in addition to conventional tools (such as short‐term interest rates) to conduct monetary policy. This paper employs a methodology ...
Oil price shocks and the composition of current account balance
It is a well-established regularity that permanent oil price shocks do not have a permanent effect on the current account deficit. This requires that sub-components of the current account or trade balance will make the ...
The effects of electricity price changes on prices of other goods and services – evidence from Turkey
This article employs a Factor-Augmented Vector Autoregressive model to assess the effects of electricity price innovations on prices of other goods and services. Using monthly series from Turkish Domestic Producer Price ...