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Taylor Rule in Practice: Evidence from Turkey

✍ Scribed by Nejla Adanur Aklan; Mehmet Nargelecekenler


Book ID
106569379
Publisher
Springer US
Year
2008
Tongue
English
Weight
180 KB
Volume
14
Category
Article
ISSN
1083-0898

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Monetary policy rules in practice: evide
✍ 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