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dc.contributor.authorÇekin, Semih Emre
dc.contributor.authorGupta, Rangan
dc.contributor.authorOlson, Eric
dc.date.accessioned2021-04-26T08:04:36Z
dc.date.available2021-04-26T08:04:36Z
dc.date.issued2021en_US
dc.identifier.citationÇekin, S. E., Gupta, R., & Olson, E. (2021). The Taylor curve: international evidence. Applied Economics, 1-12.en_US
dc.identifier.issn00036846
dc.identifier.urihttps://hdl.handle.net/20.500.12846/580
dc.description.abstractWe use the Taylor curve to gauge deviations of monetary policy from an efficiency locus for the United Kingdom (UK) and the four largest economies of the Eurozone (Germany, France, Italy, Spain) for the period 2000–2018. For this purpose, we use shadow interest rates, which is a common metric for both conventional and unconventional monetary policies, and the newly proposed Hamilton-filter to measure output gap, which improves upon the drawbacks of the traditionally used Hodrick–Prescott filter. Our findings suggest that deviations in the UK mostly occurred amid the global financial crisis and the post-Brexit period, whereas Eurozone members experienced more volatile deviations around 2001, during the global financial crisis and the Eurozone sovereign debt crisis.en_US
dc.language.isoengen_US
dc.publisherTaylor & Francis Onlineen_US
dc.relation.isversionof10.1080/00036846.2021.1907284en_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectTaylor Curveen_US
dc.subjectMonetary Policyen_US
dc.subjectEurozoneen_US
dc.subjectHp Filteren_US
dc.titleThe Taylor curve: international evidenceen_US
dc.typearticleen_US
dc.relation.journalApplied Economicsen_US
dc.contributor.authorID0000-0003-4637-3112en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.contributor.departmentTAÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.contributor.institutionauthorÇekin, Semih Emre
dc.identifier.startpage1en_US
dc.identifier.endpage12en_US


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