Cambazoğlu, Birgül; Karaalp, Hacer Simay - In: International Journal of Economic Sciences and Applied … 6 (2013) 1, pp. 103-121
premium and thus the effect of the increase in the external finance premium which diminishes output for Turkey over the period … decomposition. The results indicate that contractionary monetary policy shock, which led to increased external finance premium …, negatively affected the manufacturing sector and decreased total output. In other words, the monetary shock negatively affected …