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Monetary policy rules in theory and in practice: evidence from the UK and the US

✍ Scribed by Paez-Farrell, Juan

Book ID
111910601
Publisher
Taylor and Francis Group
Year
2009
Tongue
English
Weight
140 KB
Volume
41
Category
Article
ISSN
0003-6846

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Monetary policy rules in practice: evide
Monetary policy rules in practice: evidence from Turkey
✍ Hakan Berument; Hakan Taşçi πŸ“‚ Article πŸ“… 2004 πŸ› John Wiley and Sons 🌐 English βš– 82 KB

## Abstract This paper estimates a forward‐looking monetary policy reaction function of the Central Bank of the Republic of Turkey by considering the period from 1990:01 to 2000:10. When the spread between the interbank rate and depreciation rate of the local currency is taken as a policy tool, the