Para Aktarım Mekanizması Üzerine Genel Bir Değerlendirme

Year 2017, Issue: 13, 472 - 517, 01.10.2017

Ayfer Gedikli

Abstract

Parasal aktarım mekanizması, para otoritelerinin hedef olarak belirledikleri ekonomi politikalarının etkinliğini sağlayacak alternatif uygulamaları açıklar. Bu kanalların özellikleri, çalışma şekilleri ve piyasa etkileri konularında yapılmış çok sayıda ampirik ve teorik çalışma bulunmaktadır. Bu çalışmada, farklı parasal aktarım kanallarının her birine ayrıntılı şekilde değinilerek ekonomiyi nasıl etkiledikleri açıklanmaya çalışılacaktır. Bunun yanında, parasal aktarım kanalları arasındaki farklar ve uygulanma şekilleri de ayrıntılı şekilde anlatılacaktır.

Keywords

Parasal Aktarım Mekanizması, Faiz Kanalı, Kredi Kanalı, Varlık Fiyatları Kanalı, Döviz Kuru Kanalı

Monetary Transmission Mechanism: An Overview Explanation

Abstract

The monetary transmission mechanism explains the channels and their effects which influence the final objectives of the policy authorities. There is a remarkable theoretical and empirical literature about different channels of monetary transmission mechanism that try to explain each channel and relevant markets and variables for the monetary transmission mechanism. In this paper, different models of monetary transmission channels and how they affect the economy will be explained in detail. Besides, the differences between alternative monetary policies and their characteristics that conduct the economy will be analysed.

Keywords

Monetary Transmission Mechanism, Interest Rate Channel, Credit Channel, Asset Price Channel, Exchange Rate Channel

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