Turkiye Cumhuriyet Merkez Bankasi Bagimsizligi Enflasyonist Etki Yaratir mi?

Bulent Dogru

Istanbul University Econometrics and Statistics e-Journal, 2013, vol. 18, issue 1, 35-55

Abstract: In this study, the disinflationary effects of central bank independence of the Central Bank of Turkey (CBT) on inflation is examined within the framework of the co-integration analysis and Vector Error Correction (VECM) for the time period 1990: Q1 - 2012: Q4. According to the findings of the econometric model estimated, an increment in the independence of the central bank pulls down average inflation 18-21 %. However, according to the findings of the study in the short-term central bank independence is not a determinant of inflation.

Keywords: Central Bank Independence; Inflation; VECM; Co-integration (search for similar items in EconPapers)
JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://eidergisi.istanbul.edu.tr/sayi18/iueis18m3.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ist:ancoec:v:18:y:2013:i:1:p:35-55

Access Statistics for this article

Istanbul University Econometrics and Statistics e-Journal is currently edited by Kutluk Kagan Sumer

More articles in Istanbul University Econometrics and Statistics e-Journal from Department of Econometrics, Faculty of Economics, Istanbul University Contact information at EDIRC.
Bibliographic data for series maintained by Istanbul University Press Operational Team (Ertuğrul YAŞAR) ().