Suslu, Bora; Bekmez, Selahattin - In: Journal of BRSA Banking and Financial Markets 4 (2010) 2, pp. 85-110
policy developments. Because of this trade off time inconsistency reveals. In this article, we investigate if TCMB’s monetary … policy after 2001 creates time inconsistency by using ARDL method. The findings indicate that TCMB’s monetary policy didn …’t create time inconsistent results. Findings also showed that economic agents have rational expectations. …