DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ

Öz

exchange rate pass-through (ERPT) , its process, factors acting degree of ERPT and the importance of low ERPT, relationship between inflation targeting and ERPT is going to be mentioned

Anahtar Kelimeler

• Fear of Floating, Exchange Rate Pass-Through, Inflation Targeting

DALGALANMA KORKUSU VE DÖVİZ KURUNUN YURTİÇİ FİYATLAR ÜZERİNDEKİ ETKİSİ

Öz

Sermaye hareketliliğinin serbest olması nedeniyle son yıllarda ülkeler bağımsız bir para politikası ve sabit döviz kuru arasında tercihte bulunmak zorunda kalmışlardır. Ülkelerin bağımsız bir para politikası uygulayarak fiyat istikrarını sağlamayı amaçlaması ve döviz kurunu sabit tutmaya çalışması ekonomik istikrarı bozacağından birçok ülke dalgalı kuru ve enflasyon hedeflemesi rejimini seçmiştir. Ancak her ne kadar kur dalgalanmaya bırakılsa da dalgalanma korkusu nedeniyle merkez bankalarının kurlara müdahale ettiği görülmektedir. Çalışmada enflasyon hedeflemesi ışığı altında dalgalanma korkusu açıklanarak, hangi nedenlerden dolayı kurlara müdahale edilmesi gerektiği üzerinde durulacaktır. Daha sonra döviz kurunun yurtiçi fiyatlar üzerindeki etkisinden, işleyişinden, derecesini etkileyen faktörlerden ve yansımanın düşük olmasının öneminden bahsedilerek, enflasyon hedeflemesi ile olan ilişkisi anlatılacaktır

Anahtar Kelimeler

• Dalgalanma Korkusu, Döviz Kurundan Yurtiçi Fiyatlara Yansıma, Enflasyon Hedeflemesi

Kaynakça

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