Suslu, Bora; Bekmez, Selahattin - In: Journal of BRSA Banking and Financial Markets 4 (2010) 2, pp. 85-110
Since two main principles of the monetary policy are credibility and transparency, central banks aim to develop long …-run policies. However, contemporary monetary policy approach requires that central banks are responsible for developing short … policy after 2001 creates time inconsistency by using ARDL method. The findings indicate that TCMB’s monetary policy didn …