How does the exchange rate movement affect macroeconomic performance? a VAR analysis with sign restriction approach – evidence from Turkey

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buir.contributor.authorBerument, Hakan
dc.citation.epage305en_US
dc.citation.issueNumber1en_US
dc.citation.spage295en_US
dc.citation.volumeNumber32en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorDenaux, Z. S.en_US
dc.contributor.authorYalcin, Y.en_US
dc.date.accessioned2019-01-24T16:33:13Z
dc.date.available2019-01-24T16:33:13Z
dc.date.issued2012en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractIn this paper, we assess the effect of exchange rate movement on macroeconomic performance by differentiating the source of exchange rate movement as either an expansionary monetary policy or a portfolio preference shock using quarterly data from Turkish economy for the period 1987:Q1 to 2008:Q3. Empirical evidence suggest that if the depreciation of the exchange rate stems from an expansionary monetary policy shock, then the effect of currency depreciation on the economy is expansionary. On the other hand, if currency depreciation comes from a portfolio choice allocation, then the effect of exchange rate deprecation on the economy is contractionary.en_US
dc.identifier.eissn1545-2921
dc.identifier.urihttp://hdl.handle.net/11693/48324
dc.language.isoEnglishen_US
dc.publisherEconomics Bulletinen_US
dc.source.titleEconomics Bulletinen_US
dc.titleHow does the exchange rate movement affect macroeconomic performance? a VAR analysis with sign restriction approach – evidence from Turkeyen_US
dc.typeArticleen_US

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