Advanced Search

Türkiye’de enflasyon beklentilerinin çapalanması ve güvenilirlik

Contents:

Author Info

  • Serkan ÇİÇEK

    (Maltepe Üniversitesi)

  • Cüneyt AKAR

    (Balıkesir Üniversitesi)

  • Eray YÜCEL

    (Türkiye Cumhuriyet Merkez Bankası)

Abstract

Bu çalışmada Türkiye’nin enflasyon hedeflemesi deneyimi, bekleyişlerin hedeflere çapalanma derecesi üzerinden değerlendirilmektedir. Zaman içinde değişen vektör özgecikmeli model tahminleri, çapalanma etkisinin 2006 yılı Mayıs ayına kadar yüksek, bu aydaki finansal türbülanstan Kasım 2008’e kadar kıyasla düşük seyrettiğine işaret etmektedir. 2008 yılı Kasım ayından sonra ise çapalanma davranışı kuvvetlenmektedir. Modelin tahminlerinin seyri ile anekdotal tarihlemeler arasındaki uyum, karar alıcıların Merkez Bankası’nı büyük ölçüde izlediği yönünde yorumlanabilmektedir.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Article provided by Bilgesel Yayincilik in its journal İktisat İşletme ve Finans.

Volume (Year): 26 (2011)
Issue (Month): 304 ()
Pages: 37-55
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:iif:iifjrn:v:26:y:2011:i:304:p:37-55

Contact details of provider:
Email:
Web page: http://iif.com.tr

For corrections or technical questions regarding this item, or to correct its listing, contact: (Ali Bilge).

Related research

Keywords: Para politikası; Enflasyon hedeflemesi; Merkez Bankası; Bekleyişler; Çapalanma; Güvenilirlik;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Gürkaynak, Refet S. & Levin, Andrew & Swanson, Eric T, 2006. "Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from Long-Term Bond Yields in the US, UK and Sweden," CEPR Discussion Papers 5808, C.E.P.R. Discussion Papers.
  2. Hakan Kara & Hande Kucuk-Tuğer, 2010. "Inflation expectations in Turkey: learning to be rational," Applied Economics, Taylor and Francis Journals, vol. 42(21), pages 2725-2742.
  3. Maria Demertzis & Massimiliano Marcellino & Nicola Viegi, 2008. "A Measure for Credibility: Tracking US Monetary Developments," Economics Working Papers ECO2008/38, European University Institute.
  4. Yusuf Soner Baskaya & Eda Gulsen & Musa Orak, 2010. "2008 Hedef Revizyonu Oncesi ve Sonrasinda Enflasyon Beklentileri," CBT Economic Notes 1001, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  5. Maria Demertzis & Massimiliano Marcellino & Nicola Viegi, 2009. "Anchors for Inflation Expectations," DNB Working Papers 229, Netherlands Central Bank, Research Department.
  6. Yusuf Soner Baskaya & Hakan Kara & Defne Mutluer, 2008. "Expectations, Communication and Monetary Policy in Turkey," Working Papers 0801, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  7. Andrew T. Levin & Fabio M. Natalucci & Jeremy M. Piger, 2004. "The macroeconomic effects of inflation targeting," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 51-80.
  8. Hakan Kara & Hande Kucuk Tuger, 2005. "Some Evidence on the Irrationality of Inflation Expectations in Turkey," Working Papers 0512, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  9. Refet S Gürkaynak & Andrew Levin & Eric Swanson, 2010. "Does Inflation Targeting Anchor Long-Run Inflation Expectations? Evidence from the U.S., UK, and Sweden," Journal of the European Economic Association, MIT Press, vol. 8(6), pages 1208-1242, December.
  10. M. Ege Yazgan & Hakan Yilmazkuday, 2007. "Monetary policy rules in practice: evidence from Turkey and Israel," Applied Financial Economics, Taylor and Francis Journals, vol. 17(1), pages 1-8.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:iif:iifjrn:v:26:y:2011:i:304:p:37-55

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ali Bilge).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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