Revisiting of Interest Rate Channel: Nonlinear transmission of Monetary Policy Shocks to the Turkish Economy

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dc.authoridTURAN, Tugba/0000-0003-0077-5909
dc.contributor.authorYıldırım, Durmuş Çağrı
dc.contributor.authorTuran, Tuğba
dc.date.accessioned2023-05-06T17:22:07Z
dc.date.available2023-05-06T17:22:07Z
dc.date.issued2023
dc.departmentFakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü
dc.description.abstractThis study examines the effectiveness of non-linear monetary policy interest rate channel shocks for the Turkish economy using the threshold VAR analysis in the period of 2006-2019. The interest channel is examined with the two models for both consumption transfer and investment transfer models. The results show that the interest rate channel is effective in the high regime (high macroeconomic instability) for the consumption transfer model, and it is partially effective in the low regime (low macroeconomic instability). On the other hand, for the model with investment expenditures flow, the interest rate channel is partially effective in both high and low regimes.
dc.identifier.doi10.2478/jcbtp-2023-0009
dc.identifier.endpage223
dc.identifier.issn1800-9581
dc.identifier.issn2336-9205
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85146670275
dc.identifier.scopusqualityQ3
dc.identifier.startpage199
dc.identifier.urihttps://doi.org/10.2478/jcbtp-2023-0009
dc.identifier.urihttps://hdl.handle.net/20.500.11776/12037
dc.identifier.volume12
dc.identifier.wosWOS:000918141800009
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorYıldırım, Durmuş Çağrı
dc.institutionauthorTuran, Tuğba
dc.language.isoen
dc.publisherSciendo
dc.relation.ispartofJournal Of Central Banking Theory And Practice
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectTurkish Economy
dc.subjectMonetary Policy Shocks
dc.subjectNonlinear transmission
dc.subjectInterest Rate Channel
dc.subjectExchange-Rate Pass
dc.subjectOil-Price Shock
dc.subjectDeveloping-Countries
dc.subjectStructural Breaks
dc.subjectCredit Regimes
dc.subjectGreat Crash
dc.subjectInflation
dc.subjectMechanism
dc.subjectGrowth
dc.subjectPuzzle
dc.titleRevisiting of Interest Rate Channel: Nonlinear transmission of Monetary Policy Shocks to the Turkish Economy
dc.typeArticle

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