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

Basit Öğe Kaydı
dc.contributor.authorİlhan, Ali
dc.contributor.authorAkdeniz, Coşkun
dc.contributor.authorÖzdemir, Metin
dc.date.accessioned2024-10-29T17:43:52Z
dc.date.available2024-10-29T17:43:52Z
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. © 2023, Institute for Economic Forecasting. All rights reserved.
dc.identifier.endpage182
dc.identifier.issn1582-6163
dc.identifier.issue3en_US
dc.identifier.scopus2-s2.0-85174543465
dc.identifier.scopusqualityQ3
dc.identifier.startpage162
dc.identifier.urihttps://hdl.handle.net/20.500.11776/12667
dc.identifier.volume26
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherInstitute for 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.subjectdomestic prices
dc.subjectExchange rate
dc.subjectexchange rate pass-through
dc.subjectTurkey
dc.subjectTVP-VAR model
dc.titleTIME-VARYING EXCHANGE RATE PASS-THROUGH TO DOMESTIC PRICES: EVIDENCE FROM TURKEY
dc.typeArticle

Dosyalar

Koleksiyon

Scopus İndeksli Yayınlar Koleksiyonu