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The Interest Rate Channel in Turkey: An Investigation with Kalman Filter Approach

Year 2013, Volume: 3 Issue: 4, 874 - 884, 01.12.2013

Taha Bahadır Sarac Okyay Ucan

https://izlik.org/JA23NP55MZ

Abstract

The monetary authority affects the aggregate demand and investment expenditure via controlling short run interest rates. It is important to satisfy the price stability together with working interest rate channel. This study aims to investigate the validity of interest rate channel in Turkey since the inflation targeting period starting with the year 2002. The sample period covers quarterly data from 1990:1 to 2011:3. It is stated that after the 2002 efficiency of interest rate channel increases.

Keywords

Kalman Filter Markov Switching Monetary Policy Turkey

Year 2013, Volume: 3 Issue: 4, 874 - 884, 01.12.2013

Taha Bahadır Sarac Okyay Ucan

https://izlik.org/JA23NP55MZ

Abstract

There are 0 citations in total.

Details

Other ID JA88GN49JR
Authors

Taha Bahadır Sarac This is me

Okyay Ucan This is me

Publication Date December 1, 2013
IZ https://izlik.org/JA23NP55MZ
Published in Issue Year 2013 Volume: 3 Issue: 4

Cite

APA Sarac, T. B., & Ucan, O. (2013). The Interest Rate Channel in Turkey: An Investigation with Kalman Filter Approach. International Journal of Economics and Financial Issues, 3(4), 874-884. https://izlik.org/JA23NP55MZ
AMA 1.Sarac TB, Ucan O. The Interest Rate Channel in Turkey: An Investigation with Kalman Filter Approach. IJEFI. 2013;3(4):874-884. https://izlik.org/JA23NP55MZ
Chicago Sarac, Taha Bahadır, and Okyay Ucan. 2013. “The Interest Rate Channel in Turkey: An Investigation With Kalman Filter Approach”. International Journal of Economics and Financial Issues 3 (4): 874-84. https://izlik.org/JA23NP55MZ.
EndNote Sarac TB, Ucan O (December 1, 2013) The Interest Rate Channel in Turkey: An Investigation with Kalman Filter Approach. International Journal of Economics and Financial Issues 3 4 874–884.
IEEE [1]T. B. Sarac and O. Ucan, “The Interest Rate Channel in Turkey: An Investigation with Kalman Filter Approach”, IJEFI, vol. 3, no. 4, pp. 874–884, Dec. 2013, [Online]. Available: https://izlik.org/JA23NP55MZ
ISNAD Sarac, Taha Bahadır - Ucan, Okyay. “The Interest Rate Channel in Turkey: An Investigation With Kalman Filter Approach”. International Journal of Economics and Financial Issues 3/4 (December 1, 2013): 874-884. https://izlik.org/JA23NP55MZ.
JAMA 1.Sarac TB, Ucan O. The Interest Rate Channel in Turkey: An Investigation with Kalman Filter Approach. IJEFI. 2013;3:874–884.
MLA Sarac, Taha Bahadır, and Okyay Ucan. “The Interest Rate Channel in Turkey: An Investigation With Kalman Filter Approach”. International Journal of Economics and Financial Issues, vol. 3, no. 4, Dec. 2013, pp. 874-8, https://izlik.org/JA23NP55MZ.
Vancouver 1.Taha Bahadır Sarac, Okyay Ucan. The Interest Rate Channel in Turkey: An Investigation with Kalman Filter Approach. IJEFI [Internet]. 2013 Dec. 1;3(4):874-8. Available from: https://izlik.org/JA23NP55MZ