This study presents a cross-country analysis of credit growth and draws implications for Turkey. Similar credit deepening phases in other countries suggest that an average of 15 percent annual credit growth would be reasonable and healthy in the medium-term.

[EN] We provide Bayesian estimates of the hybrid New Keynesian Phillips Curve (NKPC) to explain the dynamics of the consumer price inflation in Turkey, focusing particularly on the domestic component of the real marginal cost. We find that the baseline model which uses current and lagged values...

[TR] Turkiye’de para politikasi aktarim mekanizmasinda Borsa Istanbul Repo/Ters Repo Pazari’nda olusan gecelik faiz (BIST gecelik faizi) kritik onem tasimaktadir. Geleneksel enflasyon hedeflemesi uygulanan donemde BIST gecelik faizi politika faizini oldukca yakindan takip ederken, 2010...