Para Politikası Tercihleri İle İşsizlik Oranları Arasındaki İlişki
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Dosyalar
Tarih
2018
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Ege Univ, Fac Economics & Admin Sciences
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The aim of this study is to examine the relation between CBRT's monetary policy preferences and unemployment rates for the periods of 1999-2014. We consider Taylor rule as a monetary policy rule and employ Markov regime-switching model to determine the periods of active and passive monetary policy regimes. After that, we find higher unemployment rates in the periods of active monetary policy regime by using propensity score matching. These findings suggest that the CBRT should conduct monetary policy mix where it is considered not only inflation rates but also output gap to provide economic stability.
Açıklama
Anahtar Kelimeler
Monetary Policy, Taylor Rule, Unemployment Rates, Markov Regime Switching Model, Regime Switches, Rules
Kaynak
Ege Academic Review
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
18
Sayı
1
