Monetary policy rules in practice: evide
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Hakan Berument; Hakan TaΕΓ§i
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Article
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2004
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John Wiley and Sons
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English
β 82 KB
## Abstract This paper estimates a forwardβlooking 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