TIME-VARYING EXCHANGE RATE PASS-THROUGH TO DOMESTIC PRICES: EVIDENCE FROM TURKEY

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dc.contributor.authorIlhan, Ali
dc.contributor.authorAkdeniz, Coskun
dc.contributor.authorOzdemir, Metin
dc.date.accessioned2024-10-29T18:00:16Z
dc.date.available2024-10-29T18:00:16Z
dc.date.issued2023
dc.departmentTekirdağ Namık Kemal Üniversitesi
dc.description.abstractExchange rate fluctuations have decisive effects on inflation dynamics and monetary policy in emerging market economies. This paper analyzes exchange rate pass-through to domestic prices in Turkey by employing the TVP-VAR model for the period from 2002:01 to 2019:12. Our findings indicate that exchange rate pass-through varied throughout the relevant period. Specifically, the pass-through coefficients decreased considerably after adopting the inflation targeting regime, whereas it accelerated significantly following the exchange rate depreciations, especially after 2013. This upward trend was probably due to structural problems and policy choices. Rising pass-through coefficients may imply the exchange rate pass-through has an impact during inflation targeting. However, it should be noted that inflation targeting has underperformed in Turkey due to policy preferences in the last decade.
dc.identifier.endpage182
dc.identifier.issn1582-6163
dc.identifier.issn2537-6071
dc.identifier.issue3en_US
dc.identifier.startpage162
dc.identifier.urihttps://hdl.handle.net/20.500.11776/14964
dc.identifier.volume26
dc.identifier.wosWOS:001146233000010
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.language.isoen
dc.publisherInst Economic Forecasting
dc.relation.ispartofRomanian Journal of Economic Forecasting
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectExchange rate
dc.subjectexchange rate pass-through
dc.subjectdomestic prices
dc.subjectTVP-VAR model
dc.subjectTurkey
dc.titleTIME-VARYING EXCHANGE RATE PASS-THROUGH TO DOMESTIC PRICES: EVIDENCE FROM TURKEY
dc.typeArticle

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