The effectiveness of the monetary transmission mechanism channel in Turkey

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Küçük Resim

Tarih

2019

Dergi Başlığı

Dergi ISSN

Cilt Başlığı

Yayıncı

EASTERN JOURNAL OF EUROPEAN STUDIES

Erişim Hakkı

info:eu-repo/semantics/openAccess

Özet

This study investigates on which channels the monetary transmission mechanism works effectively. In this context, quarterly data for the period 2005-2017 is used for Turkey and the variables used to determine the efficiency of the monetary transmission mechanism are analyzed by the VAR method. The obtained results indicate that the loans and reserves have a more effective role on the inflation as a channel of the monetary transmission mechanism. According to the long run results, while the exchange rate and reserves channel have a negative effect on the real GDP, it is revealed that loans have a positive effect on the real GDP in the long run stabilization.

Açıklama

Anahtar Kelimeler

monetary transmission mechanism, credit channel, inflation, monetary policy

Kaynak

EASTERN JOURNAL OF EUROPEAN STUDIES

WoS Q Değeri

N/A

Scopus Q Değeri

Q1

Cilt

10

Sayı

1

Künye

Okur, F., Akkuş, Ö., & Durmaz, A. (2019). The effectiveness of the monetary transmission mechanism channel in Turkey. Eastern Journal of European Studies, 10(1), 161-180.