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The Effect Of Exchange Market Pressure On Output In Turkey

Author

Listed:
  • Yavuz ÖZEK
  • Halil OÄŸuzhan ERGÃœR

Abstract

It puts strain on the exchange market and affects negatively the expectations of the economic actors that a country’s national currency has high volatility and the central bank has inadequate reserves. In this study, it is examined by causality tests whether pressure on the foreign exchange market rising after the transition to full-fledged inflation targeting in the Turkish economy influences economic growth. According to findings attained by analyzing data from 2005:01 to 2021:10, it is concluded that the pressure on the foreign exchange market has an adverse effect on growth in the long duration.

Suggested Citation

  • Yavuz ÖZEK & Halil OÄŸuzhan ERGÃœR, 2022. "The Effect Of Exchange Market Pressure On Output In Turkey," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 2.
    • Handle: RePEc:fis:journl:220227
    DOI: 10.25295/fsecon.1073333
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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