TÜRKİYE’DE 2002-2007 DÖNEMİNDE UYGULANAN PARA POLİTİKASININ AMPİRİK BİR ANALİZİ: REAKSİYON FONKSİYONUNUN TAHMİNİ

Yıl 2019, Cilt: 17 Sayı: 2, 383 - 402, 30.06.2019

Orhan Karaca

https://doi.org/10.18026/cbayarsos.548696

Cited By: 1

Öz

Bu çalışmada
Türkiye’de 2002-2007 döneminde uygulanan para politikası ampirik olarak analiz
edilmiştir. Bunun için Ocak 2002-Aralık 2007 dönemine ilişkin para politikası
reaksiyon fonksiyonu tahmin edilmiştir. Reaksiyon fonksiyonu ile para
politikasının bu dönemde enflasyon, çıktı açığı ve döviz kuruna verdiği
tepkiler ölçülmüştür. Yapılan analizler sonucunda, para politikasının beklenen
enflasyonun hedeften sapmasına güçlü bir şekilde tepki verdiği bulgusu elde
edilmiştir. Para politikasının çıktı açığına tepki vermediği sonucuna
ulaşılmıştır. Dört ayrı kur değişkeni kullanılarak yapılan analizler,
araştırmada ele alınan dönemde para politikasının döviz kuruna da tepki
vermediğini göstermiştir.

Anahtar Kelimeler

Para Politikası, Reaksiyon Fonksiyonu, Merkez Bankası

Kaynakça

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