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The response of monetary policy to the COVID-19 pandemic in Turkey. The path of a credit-based economic recovery

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  • Umit BULUT

    (Kirsehir Ahi Evran University, Turkey)

Abstract

The goal of this paper is to investigate the reaction of monetary policy in Turkey to the coronavirus disease pandemic through the credit channel. For this purpose, the paper employs nonlinear smooth transition models considering nonlinearity. The empirical findings show a positive reaction of monetary policy to the confirmed cases and deaths. Therefore, the paper discovers the credit channel in Turkey is likely to play a critical role in the fast recovery of the Turkish economy during the pandemic period.

Suggested Citation

  • Umit BULUT, 2021. "The response of monetary policy to the COVID-19 pandemic in Turkey. The path of a credit-based economic recovery," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(626), S), pages 231-238, Spring.
    • Handle: RePEc:agr:journl:v:1(626):y:2021:i:1(626):p:231-238
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    References listed on IDEAS

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