BİRKAN, Ayşe Özden - In: Ekonomik Yaklasim 21 (2010) 74, pp. 23-38
In this study, a Monetary Conditions Index (MCI) for Turkey is constructed for the 2003-2008 period, using a VAR methodology. The MCI weights are estimated on the basis of generalized accumulated responses of the inflation rate to one standard deviation shock to the real short term interest rate...