Now showing items 1-4 of 4
Duration of global financial cycles
The duration of Global Financial Cycles (GFCs) have a role in the global financial environment which is shaped by the fluctuations in short-term capital flows, changes in monetary conditions in the center economies and ...
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 ...
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 ...