Measuring monetary policy for a small open economy: Turkey
نویسندگان
چکیده
منابع مشابه
Measuring monetary policy for a small open economy: Turkey
This paper proposes a measure to assess the monetary policy for a highly inflationary small open economy: Turkey. The empirical evidence suggests that positive innovations in the spread between the Central Bank’s interbank interest rate and the depreciation rate of the local currency mimic the properties of the tight monetary policy. These innovations, when they are positive, decrease income an...
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2007
ISSN: 0164-0704
DOI: 10.1016/j.jmacro.2006.02.001