TÜRKİYE’DE PARA POLİTİKALARININ KREDİ KANALI AKTARIMI: VAR YAKLAŞIMI

Year 2017, , 185 - 208, 23.11.2017

Harun Kaya , Murat Belke

https://doi.org/10.29106/fesa.346346

Abstract

Bu
çalışma parasal aktarım mekanizması kanallarından banka kredileri kanalının
Türkiye ekonomisinde etkinliğini incelemektedir. Çalışmada, 2003:1-2016:12
dönemine ilişkin aylık veriler kullanılarak VAR modeli tahmin edilmektedir. VAR
modeline dayalı olarak uygulanan etki-tepki, varyans ayrıştırma ve Granger
nedensellik analizleri sonucu elde edilen bulgular incelenen dönem itibariyle
banka kredi kanalının zayıf da olsa etkin olduğunu göstermektedir.

Keywords

Para Politikası, Parasal Aktarım Mekanizması, Kredi Kanalı, VAR Modeli.

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