In this paper, monthly financial stability index has been constructed by economic and financial indicator for the term 2002-2017. Taylor Rule with time-varying parameter was augmented by the financial stability index. According to result of augmented Taylor Rule estimated by Kalman Filter Method, Central Bank of the Republic of Turkey’s policy rate was influenced by the financial stability index.
Publication Date : April 15, 2019
|APA||Coşar, K , Köse, N . (2019). Zamanla Değişen Parametreli Genişletilmiş Taylor Kuralı: Türkiye için Finansal İstikrarın Rolü . İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi , 6 (1) , 1-17 . DOI: 10.17336/igusbd.495528|