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      • Department of Economics
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      The choice of monetary policy tool(s) and relative price variability: evidence from Turkey

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      Author
      Berument, Hakan
      Sahin, A.
      Saracoglu, B.
      Date
      2009
      Source Title
      Journal of Applied Sciences
      Print ISSN
      1812-5654
      Electronic ISSN
      1812-5662
      Publisher
      A N S I Network
      Volume
      9
      Issue
      12
      Pages
      2238 - 2246
      Language
      English
      Type
      Article
      Item Usage Stats
      141
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      106
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      Abstract
      The aim of this study is to assess any regularity relative price dispersion for the effect of monetary policy tool selection. Central banks use tools such as interbank rate and exchange rate when pursuing their (monetary) policies. The selected tools affect economic variables differently. By using Turkish monthly data for the 1988:2-2008:2 period, this study suggests that pure policies (such as interbank rate only or exchange rate only) increase relative price variability more than mixed policies, where the monetary authorities use the above tools simultaneously. © 2009 Asian Network for Scientific Information.
      Keywords
      Monetary policy tool(s)
      Relative price variability
      Central bank
      Economic variables
      Exchange rates
      Monetary policies
      Relative prices
      Turkishs
      Costs
      Tools
      Permalink
      http://hdl.handle.net/11693/22690
      Published Version (Please cite this version)
      10.3923/jas.2009.2238.2246
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      • Department of Economics 649
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