This study analyzes the behavioral aspects of inflation expectations in Turkey by utilizing data from a panel of survey respondents, and draws implications for the formulation of monetary policy and communication strategy. Our results lend support to the view that the survey respondents take the...

This paper presents a time-varying parameter methodology for constructing an estimate of output gap for Turkey. We employ the extended Kalman filter technique in a multivariate setting in which economic content is utilized by the inclusion of inflation and output gap dynamics. As a by-product,...

Univariate filters used in output gap estimation are subject to criticism as being purely statistical and having no economic content. The information content of the output gap measures estimated by standard multivariate filtering techniques, on the other hand, can be distorted because of the...

In this study to evaluate the railway passengers’ satisfaction with TCDD (Turkish Government Railways), various survey based analyses have been used. In addition to the theoretical framework and the information about TCDD, a survey has been carried out and presented in this study. Survey...

Turkey implemented an ambitious restructuring of the economy in the past several years, including the adoption of inflation targeting along with a floating exchange rate regime. Inflation came down from almost triple digits to single digits between 2001 and 2005. This particular episode of the...

Bu calismanin amaci, Turkiye’de hangi piyasa aracinin para politikasi kararlarina iliskin beklentileri daha iyi yansittigi sorusuna yanit aramaktir. Bu amacla, cesitli piyasa araclari ve yontemler kullanilarak para politikasi faizi beklentileri hesaplanmis ve degiskenlerin para politikasi...

"We seek to demonstrate the variations in the exchange rate pass-through (ERPT) and identify the shift in the price-setting behavior by placing the emphasis on the implemented exchange rate and monetary policy regimes. Having a history of several distinct monetary regimes, Turkey exhibits a...