EN
TR
INFLATION TARGETING IN TURKEY: A VAR ANALYSIS
Abstract
Inflation has been one of the main problem for whole economies since the
second half of 20th century. At the beginning of 90‟s some of emerging economies have
choosed to target inflation rate to reduce inflation and to stabilise economy. Another
emerging economy, Turkey has also lived chronical inflation problem since 80‟s and
many economical crises made it permanent. In spite of several economical stabilization
programs practiced, chronical inflation problem have continued several years until first
decade of 21th century. In 2001, government and the CBRT have started to practice
inflation targeting program for Turkish economy also.
In this study we aimed to examine such a program by using Taylor rule in an
open economy model. In this context, we applied VAR analysis by using monthly data
belonging Turkish economy which includes period between January of 2002 and
November of 2009.
We found that Taylor type monetary policy reaction function fits for inflation
targeting program which has been practiced for the Turkish economy in an open economy
model.
Keywords
Details
Primary Language
Turkish
Subjects
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Journal Section
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Publication Date
June 1, 2015
Submission Date
June 1, 2015
Acceptance Date
-
Published in Issue
Year 2015 Volume: 15 Number: 29
APA
Özcan, C. C., & Adıgüzel, U. (2015). TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ. Sosyal Ekonomik Araştırmalar Dergisi, 15(29), 190-215. https://doi.org/10.30976/susead.302195
AMA
1.Özcan CC, Adıgüzel U. TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ. SUSEAD. 2015;15(29):190-215. doi:10.30976/susead.302195
Chicago
Özcan, Ceyhun Can, and Uğur Adıgüzel. 2015. “TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ”. Sosyal Ekonomik Araştırmalar Dergisi 15 (29): 190-215. https://doi.org/10.30976/susead.302195.
EndNote
Özcan CC, Adıgüzel U (June 1, 2015) TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ. Sosyal Ekonomik Araştırmalar Dergisi 15 29 190–215.
IEEE
[1]C. C. Özcan and U. Adıgüzel, “TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ”, SUSEAD, vol. 15, no. 29, pp. 190–215, June 2015, doi: 10.30976/susead.302195.
ISNAD
Özcan, Ceyhun Can - Adıgüzel, Uğur. “TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ”. Sosyal Ekonomik Araştırmalar Dergisi 15/29 (June 1, 2015): 190-215. https://doi.org/10.30976/susead.302195.
JAMA
1.Özcan CC, Adıgüzel U. TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ. SUSEAD. 2015;15:190–215.
MLA
Özcan, Ceyhun Can, and Uğur Adıgüzel. “TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ”. Sosyal Ekonomik Araştırmalar Dergisi, vol. 15, no. 29, June 2015, pp. 190-15, doi:10.30976/susead.302195.
Vancouver
1.Ceyhun Can Özcan, Uğur Adıgüzel. TÜRKİYE’DE ENFLASYON HEDEFLEMESİ: VAR ANALİZİ. SUSEAD. 2015 Jun. 1;15(29):190-215. doi:10.30976/susead.302195