Search
Now showing items 1-3 of 3
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 ...
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 ...
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 ...