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Theory and practice of monetary policy

✍ Scribed by Gaetano Bloise; Herakles M. Polemarchakis


Publisher
Springer
Year
2006
Tongue
English
Weight
152 KB
Volume
27
Category
Article
ISSN
0938-2259

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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