TY  - JOUR
T1  - FED VE TCMB Politika Kararları Arasındaki Stratejik Etkileşimin Testi: Toda-Yamamoto Yaklaşımı
TT  - Testing the Strategic Interaction Between FED and CBRT Policy Decisions:   Toda-Yamamoto Approach
AU  - Tetik, Metin
AU  - Kara, Görkem
PY  - 2020
DA  - November
DO  - 10.26650/ekoist.2020.32.0003
JF  - EKOIST Journal of Econometrics and Statistics
PB  - İstanbul Üniversitesi
WT  - DergiPark
SN  - 2651-396X
SP  - 35
EP  - 47
IS  - 32
LA  - tr
AB  - BuçalışmaFederalRezervBankası(FED)veTürkiyeCumhuriyetMerkezBankası(TCMB)politikakararlarıarasındastratejikbiretkileşimdurumunuincelemeüzerinekurulmuştur.Buçerçevede,çalışmaTCMB’ninuyguladığıpolitikaların,FED’inpolitikakararlarındanetkilenipetkilenmediğinioyunteorikbirlider-takipçiilişkisiüzerindenanalizetmektedir.Bununiçin,FEDveTCMBarasındakietkileşimoyunteorikolarakmodellenmiştir.Modeldeönesürülenhipotezler2006M012020M12dönemleriiçinToda-Yamamotoyaklaşımınıkullanılaraktestedilmiştir.Bulgular,oyunteorikolarakFED’inliderolduğuveFEDveTCMBarasındabirlider-takipçidurumunortayaçıktığınıgöstermektedir.
KW  - Para	politikası	kararları
KW  - Oyun	teorisi
KW  - Toda-Yamamoto	nedensellik	testi
N2  - ThisstudyisbasedonanalyzingastrategicinteractionsituationbetweenFederalReserveBank(FED)andCentralBankoftheRepublicofTurkey(CBRT)policydecisions.Inthiscontext,ourstudyanalyzeswhetherthepoliciesimplementedbytheCBRTareaffectedbythepolicydecisionsoftheFEDthroughatheoreticalleader-followerrelationship.Forthis,theinteractiongamebetweenFEDandCBRTistheoreticallymodeled.ThehypothesesproposedinthemodelweretestedusingtheToda-Yamamotoapproachforthe2006M01-2020M12periods.FindingsshowthatthegameistheoreticallytheleaderoftheFEDandaleader-followersituationarisesbetweentheFEDandtheCB
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UR  - https://doi.org/10.26650/ekoist.2020.32.0003
L1  - https://dergipark.org.tr/tr/download/article-file/1416324
ER  -