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Practical Monetary Policies

✍ Scribed by Alfred V. Guender; David R. Gillmore

Book ID
111081190
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
375 KB
Volume
13
Category
Article
ISSN
1367-0271

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## 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