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dc.contributor.advisorYeldan, Erinçen_US
dc.contributor.authorKaya, Şerife Demeten_US
dc.date.accessioned2016-07-01T11:04:41Z
dc.date.available2016-07-01T11:04:41Z
dc.date.issued2006
dc.identifier.urihttp://hdl.handle.net/11693/29766
dc.descriptionCataloged from PDF version of article.en_US
dc.description.abstractThe gist of the study presented in this thesis is to provide an answer mainly to two questions: First; whether in the last four years the Central Bank of the Republic of Turkey (CBRT or Central Bank) has followed a monetary policy rule consistent with its commitments about price stability objectives, implicit inflation targeting regime and floating exchange rate. Second one is if it has done to what extend this rule has resembled the original Taylor rule. In the study, to investigate the answer to these questions a backward-looking model for a monetary policy rule is described and is subjected to an econometric estimation process. It yields significant results for the interval between 2001 and 2005. In a summary, the findings support that while after 2001 the rate of inflation has continued to be a dominant indicator to which the CBRT reacted consistent with its commitments, coming to the current years the real exchange rate (RER) movements and current account deficits have gained an increasing significance in monetary policy rule. Hence, the thesis argues that instead of being tied to a simple Taylor rule, the CBRT might have adopted a differentiated policy rule where it has concerned RER and current account deficit beside the rate of inflation.en_US
dc.description.statementofresponsibilityKaya, Şerife Demeten_US
dc.format.extentvi, 59 leaves, tablesen_US
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectThe Central Bank of the Republic of Turkeyen_US
dc.subjectInflation Targetingen_US
dc.subjectMonetary Policy Ruleen_US
dc.subjectTaylor Ruleen_US
dc.subjectReal Exchange Rateen_US
dc.subjectCurrent Account Deficiten_US
dc.subject.lccHG3256.5.A7 K393 2006en_US
dc.subject.lcshBanks and banking, Central Turkey.en_US
dc.titleA study about the monetary policy rule of the Central Bank of the Republic of Turkey in the implicit inflation targeting frameworken_US
dc.typeThesisen_US
dc.departmentDepartment of Economicsen_US
dc.publisherBilkent Universityen_US
dc.description.degreeM.S.en_US
dc.identifier.itemidBILKUTUPB096386


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