IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2015i4p107-119.html
   My bibliography  Save this article

On the Role of Financial Stress in the Transmission of Monetary Policy

Author

Listed:
  • Ozge Kandemir Kocaaslan

Abstract

This paper examines the asymmetric impact of monetary policy shocks on real output growth considering the role of financial stress. We carry out our examination using monthly Turkey data over 1998:M1 and 2012:M12 and apply a threshold vector autoregression model. Our investigation presents evidence that the impact of monetary policy shocks on output growth is stronger during high financial stress periods. However, it is found that there is no sign asymmetry in the real effects of monetary policy shocks.

Suggested Citation

  • Ozge Kandemir Kocaaslan, 2015. "On the Role of Financial Stress in the Transmission of Monetary Policy," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 107-119.
    • Handle: RePEc:bas:econst:y:2015:i:4:p:107-119
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=10812eae-1824-467a-b780-ab9a8acab81c&articleid=36481625-a411-4b3c-ab94-be41ad01ac89#a36481625-a411-4b3c-ab94-be41ad01ac89
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2015:i:4:p:107-119. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.