The effectiveness of the monetary transmission mechanism channel in Turkey
Fatih Okur (),
Ömer Akkuş () and
Atakan Durmaz ()
Additional contact information
Fatih Okur: Bayburt University, Bayburt, Turkey
Ömer Akkuş: Gümüşhane University, Gümüşhane, Turkey
Atakan Durmaz: Samsun University, Samsun, Turkey
Eastern Journal of European Studies, 2019, vol. 10(1), 161-180
This study investigates on which channels the monetary transmission mechanism works effectively. In this context, quarterly data for the period 2005-2017 is used for Turkey and the variables used to determine the efficiency of the monetary transmission mechanism are analyzed by the VAR method. The obtained results indicate that the loans and reserves have a more effective role on the inflation as a channel of the monetary transmission mechanism. According to the long run results, while the exchange rate and reserves channel have a negative effect on the real GDP, it is revealed that loans have a positive effect on the real GDP in the long run stabilization.
Keywords: monetary transmission mechanism; credit channel; inflation; monetary policy (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:jes:journl:y:2019:v:10:p:161-180
Access Statistics for this article
More articles in Eastern Journal of European Studies from Centre for European Studies, Alexandru Ioan Cuza University Contact information at EDIRC.
Bibliographic data for series maintained by Alupului Ciprian ().