Inflation targeting, fiscal policy, and the exchange rate regime
| dc.contributor.author | Çekin, Semih Emre | |
| dc.date.accessioned | 2021-01-08T21:51:25Z | |
| dc.date.available | 2021-01-08T21:51:25Z | |
| dc.date.issued | 2018 | |
| dc.department | TAÜ, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü | en_US |
| dc.description | Cekin, Semih Emre/0000-0003-4637-3112 | en_US |
| dc.description | WOS:000433135700011 | en_US |
| dc.description.abstract | Until recently, Turkey's economy was characterized by high inflation, undisciplined public finance management, and a fragile banking system and experienced multiple economic crises. After the economy was hit by another crisis in 2001, the central bank became independent, adopted inflation targeting as the monetary policy framework, and implemented reforms to adopt a more stringent fiscal policy. Inflation rates decreased to single-digit levels within 3 years after the independence of the central bank. This article analyzes the end of the high inflation period in the context of monetary and fiscal policy interactions within a Markov-Switching Dynamic Stochastic General Equilibrium model in which monetary and fiscal policies are allowed to switch between different regimes. | |
| dc.identifier.doi | 10.1080/1540496X.2017.1358162 | |
| dc.identifier.endpage | 2116 | en_US |
| dc.identifier.issn | 1540-496X | |
| dc.identifier.issn | 1558-0938 | |
| dc.identifier.issue | 9 | en_US |
| dc.identifier.scopus | 2-s2.0-85044781594 | |
| dc.identifier.scopusquality | Q1 | |
| dc.identifier.startpage | 2093 | en_US |
| dc.identifier.uri | http://doi.org/10.1080/1540496X.2017.1358162 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12846/234 | |
| dc.identifier.volume | 54 | en_US |
| dc.identifier.wos | WOS:000433135700011 | |
| dc.identifier.wosquality | Q3 | |
| dc.indekslendigikaynak | Web of Science | |
| dc.indekslendigikaynak | Scopus | |
| dc.institutionauthor | Çekin, Semih Emre | |
| dc.language.iso | en | |
| dc.publisher | Routledge Journals, Taylor & Francis Ltd | |
| dc.relation.ispartof | Emerging Markets Finance And Trade | |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | |
| dc.rights | info:eu-repo/semantics/closedAccess | |
| dc.subject | Inflation Targeting | en_US |
| dc.subject | Markov-Switching Dsge Models | en_US |
| dc.subject | Monetary And Fiscal Policy Interactions | en_US |
| dc.subject | Emerging Market Economies | en_US |
| dc.title | Inflation targeting, fiscal policy, and the exchange rate regime | |
| dc.type | Article |
