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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 ...
Monetary policy rules in practice: evidence from Turkey
(John Wiley & Sons Ltd., 2004)
This paper estimates a forward-looking monetary policy reaction function of the Central Bank of the Republic of Turkey by considering the period from 1990:01 to 2000:10. When the spread between the interbank rate and ...
Monetary transmission mechanism in Turkey under the monetary conditions index: an alternative policy rule
(Routledge, 2004)
This study analyses monetary transmission mechanism in Turkey using a small structural macroeconomic model. The core equations of the model consist of aggregate demand, wage-price setting, uncovered interest rate parity, ...
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. ...
Monetary policy and U.S. long-term interest rates: how close are the linkages?
(Elsevier Inc., 2009)
The effect of monetary policy on long-term interest rates has been a question of interest in recent years. A number of papers, relying on single-equation estimation techniques, have presented evidence that long-term interest ...
Monetary policy and long term interest rates: evidence from weekly data
(Elsevier BV, 2006)
This paper assesses the effect of federal funds rate innovations on longer-term US nominal interest rates
across different periods. The evidence suggests that these responses change with changes in the monetary
policy ...
Public sector pricing behavior and inflation risk premium in Turkey
(Routledge, 2003)
Turkey has had a high level of inflation since the mid-1970s. Governments use various fiscal and monetary policy tools to control inflation. In addition to these tools, governments also attempt to control inflation by ...
Price stability vs. output stability: tales of federal reserve administrations
(Elsevier BV, 2003)
This study disentangles policy parameters from those describing private sector behavior by simultaneously estimating an empirical model for inflation and output along with a loss function for the last three Federal Reserve ...
The policy challenge with floating exchange rates: Turkey's recent experience
(Springer New York LLC, 2005)
This paper evaluates the developments in the Turkish economy in light of the Central Bank of Turkey's (CBT) policies during a recent period of floating exchange rate system (March 2001-July 2003). It is found that the CBT ...
US monetary policy surprises and foreign interest rates: evidence from a set of MENA countries
(De Gruyter, 2008)
This paper assesses the response of a set of emerging markets' domestic interest rates to the US monetary policy surprises within a dynamic framework. Monthly data from Algeria, Bahrain, Israel, Jordan, Kuwait, Tunisia and ...