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Klasik gelenek, konjonktür dalgalarını piyasa mekanizmasının kendiliğinden ortadan kaldırabileceği geçici sapmalar olarak değerlendirirken; kapitalizmin doğası gereği istikrarsız olduğunu kabul eden Keynesçi gelenek, aktivist politikalarla konjonktür dalgalarının önlenmesi...
Persistent link: https://www.econbiz.de/10010320565
Persistent link: https://www.econbiz.de/10009664179
In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey … the announcement. By measuring monetary policy expectations through surveys conducted by the Central Bank of the Republic …
Persistent link: https://www.econbiz.de/10010277263
In this paper, we investigate the responsiveness of financial markets to monetary policy expectations in Turkey … the announcement. By measuring monetary policy expectations through surveys conducted by the Central Bank of the Republic … results to different survey types in the post-2005 period. -- Monetary policy ; Expectations survey ; Financial Markets …
Persistent link: https://www.econbiz.de/10008669968
The transmission of policy decisions to financial markets is an integral part of the monetary transmission mechanism. However, one of the major problems in estimating the effect of monetary policy on asset prices is the simultaneous response of policy actions and the asset prices to each other....
Persistent link: https://www.econbiz.de/10008611029
Since two main principles of the monetary policy are credibility and transparency, central banks aim to develop long …’t create time inconsistent results. Findings also showed that economic agents have rational expectations. …
Persistent link: https://www.econbiz.de/10008831594
/or focused upon on a firm basis to understand firms’ financial behaviours. Finance theory summarizes firms’ risks under financial …
Persistent link: https://www.econbiz.de/10015242477
The aim of this study is to compare the ex post forecast accuracies of VAR, ARIMA, ES, Combining and Add-factor methods. In this comparison, the ex post forecasts of 2000:1-2000:4 are obtained by using the data of the Turkish private consumption for the period of 1987:1-1999:4. Beside private...
Persistent link: https://www.econbiz.de/10015254084
In our paper, the cyclical properties between real income and inflation in the Turkish economy have been tried to be examined by use of some contemporaneous filtering techniques. Our findings considering 1987Q1-2007Q2 investigation period reveal that the cyclical real income component has a...
Persistent link: https://www.econbiz.de/10015220155