Structural Transformation in Interest Rate and Inflation Dynamics: The Case of Türkiye's Post-2021 Policy Regime Shift
Küçük Resim Yok
Tarih
2026
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Sosyoekonomi Soc
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study examines the relationship between inflation and interest rates in T & uuml;rkiye during the 2015-2024 period, with a specific focus on the monetary policy shift implemented in September 2021. Using the ARDL model, Toda-Yamamoto causality test, and structural break analysis, the findings reveal a reversal in the inflation-interest rate relationship after the policy change. The results suggest that the observed dynamics may reflect not a temporary anomaly but a structural transformation aligned with the Neo-Fisher effect, offering critical insights into the effectiveness of monetary policy under changing regimes.
Açıklama
Anahtar Kelimeler
Inflation, Interest Rate, Monetary Policy, Structural Break, Ardl, Neo-Fisher Effect
Kaynak
Sosyoekonomi
WoS Q Değeri
Q4
Scopus Q Değeri
Cilt
34
Sayı
69
