A Time-Varying Parameter VAR Investigation of the Exchange Rate Pass-Through in Turkey

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dc.contributor.authorCatik, Abdurrahman Nazif
dc.contributor.authorKaracuka, Mehmet
dc.contributor.authorGok, Baris
dc.date.accessioned2019-10-27T22:58:45Z
dc.date.available2019-10-27T22:58:45Z
dc.date.issued2016
dc.departmentEge Üniversitesien_US
dc.description.abstractThe effects of exchange rate movements on price levels have important implications to macroeconomic policies through the impacts on trade balance and inflation. In contrast to previous studies, we employ a VAR model with time-varying parameters to measure the magnitude of exchange rate pass-through (ERPT). The findings confirm the time-varying pattern in the ERPT, as the magnitude of ERPT has reached its maximum value during the 1994 financial crisis. The decline in the magnitude of ERPT has become more pronounced after the 2001 financial crisis as a result of the implementation of inflation targeting, which has shifted Turkey's economy from a long lasting high inflationary phase to a low inflationary economic environment.en_US
dc.identifier.doi10.2298/PAN140307005C
dc.identifier.endpage579en_US
dc.identifier.issn1452-595X
dc.identifier.issn2217-2386
dc.identifier.issn1452-595Xen_US
dc.identifier.issn2217-2386en_US
dc.identifier.issue5en_US
dc.identifier.startpage563en_US
dc.identifier.urihttps://doi.org/10.2298/PAN140307005C
dc.identifier.urihttps://hdl.handle.net/11454/51634
dc.identifier.volume63en_US
dc.identifier.wosWOS:000390826400004en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherSavez Ekonomista Vojvodineen_US
dc.relation.ispartofPanoeconomicusen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectExchange rate pass-throughen_US
dc.subjectWholesale pricesen_US
dc.subjectConsumer prices,Time-varying parameter VARen_US
dc.subjectTurkeyen_US
dc.titleA Time-Varying Parameter VAR Investigation of the Exchange Rate Pass-Through in Turkeyen_US
dc.typeArticleen_US

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