Openness and the effectiveness of monetary policy: empirical evidence from Turkey

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Openness and the effectiveness of monetary policy empirical evidence from Turkey.pdf (212.18 KB)

Date

2003

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Source Title

Applied Economics Letters

Print ISSN

1350-4851

Electronic ISSN

1466-4291

Publisher

Routledge

Volume

10

Issue

4

Pages

217 - 221

Language

English

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Article

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Abstract

The empirical evidence suggests that openness decreases the effect of monetary policy on output, however the effect on prices is not statistically significant. In this study these predictions are tested over the open economy of Turkey for quarterly data from 1987:1 to 2001:1. This study assesses how the openness affects the effectiveness of monetary policy on output and prices.

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Keywords

Exchange rate, Inflation, Monetary policy, Price dynamics, Turkey

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http://hdl.handle.net/11693/24515

Published Version (Please cite this version)

http://dx.doi.org/10.1080/1350485022000015842

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Scholarly Publications - Economics