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Monetary transmission mechanism in Turkey under the monetary conditions index: an alternative policy rule
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, ...
Public sector pricing behavior and inflation risk premium in Turkey
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 ...
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 ...