Turkiye Cumhuriyet Merkez Bankasi Bagimsizligi Enflasyonist Etki Yaratir mi?
In this study, the disinflationary effects of central bank independence of the Central Bank of Turkey (CBT) on inflation is examined within the framework of the co-integration analysis and Vector Error Correction (VECM) for the time period 1990: Q1 - 2012: Q4. According to the findings of the econometric model estimated, an increment in the independence of the central bank pulls down average inflation 18-21 %. However, according to the findings of the study in the short-term central bank independence is not a determinant of inflation.
Volume (Year): 18 (2013)
Issue (Month): 1 (May)
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