Please use this identifier to cite or link to this item: https://hdl.handle.net/11499/28411
Title: Testing the taylor rule: the case of Turkey
Other Titles: Taylor kuralının sınanması: Türkiye örneği
Authors: Narta, Merve
Çeviş, İsmail
Yayla, Nihal
Keywords: Taylor Rule
ARDL
Price Stability
Output Stability
TCMB
Fiyat İstikrarı
Çıktı İstikrarı
Publisher: Muş Alparslan Üniversitesi
Abstract: The aim of this study is to test whether the TCMB makes interest rate decisions in accordance with Taylor Rule by using ARDL method with monthly data for 2005: 1-2019: 1 period. The results show that the Central Bank of the Republic of Turkey has taken policy interest rate decisions both in terms of the output gap and the inflation gap in the long term, but the policy interest rate decision is stronger in relation to the inflation gap. In the short term, there was only a relationship between the inflation gap and the output gap. As a result, the TCMB has decided on both price stability and output stability in the long run, while focusing only on price stability in the short run.
URI: https://hdl.handle.net/11499/28411
https://doi.org/10.18506/anemon.621413
ISSN: 2149-4622
Appears in Collections:İktisadi ve İdari Bilimler Fakültesi Koleksiyonu
TR Dizin İndeksli Yayınlar Koleksiyonu / TR Dizin Indexed Publications Collection

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