The Taylor curve: international evidence

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dc.authorid0000-0003-4637-3112
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.issued2021
dc.departmentTAÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
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.
dc.identifier.citationÇekin, S. E., Gupta, R., & Olson, E. (2021). The Taylor curve: international evidence. Applied Economics, 1-12.
dc.identifier.doi10.1080/00036846.2021.1907284
dc.identifier.endpage12en_US
dc.identifier.issn00036846
dc.identifier.scopus2-s2.0-85104235648
dc.identifier.scopusqualityN/A
dc.identifier.startpage1en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12846/580
dc.identifier.wosWOS:000639019600001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorÇekin, Semih Emre
dc.language.isoen
dc.publisherTaylor & Francis Online
dc.relation.ispartofApplied Economics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectTaylor Curveen_US
dc.subjectMonetary Policyen_US
dc.subjectEurozoneen_US
dc.subjectHp Filteren_US
dc.titleThe Taylor curve: international evidence
dc.typeArticle

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