As an emerging economy, Turkey is an interesting case study because it was one of the hardest hit countries by the crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the same time, anticipating the fallout from the crisis, the Central Bank of the...

Bu calismada, para politikasi kararlarinin piyasalar tarafindan beklenen ve beklenmeyen kisimlari ayristirilarak, Merkez Bankasi’nin faiz kararlarinin finansal piyasalardaki goreli uzun vadeli faiz oranlari ve IMKB-100, IMKB-Mali, doviz kuru, risk primi gibi degiskenler uzerindeki etkisi...

This study documents the stylized facts about the business cycles in Turkey using quarterly data between 1987 and 2009. In particular, we document the business cycle turning points and average duration of cycles for Turkey, as well as the optimal smoothing parameter for Hodrick-Prescott (HP)...

Bu calismanin amaci, Turkiye’de hangi piyasa aracinin para politikasi kararlarina iliskin beklentileri daha iyi yansittigi sorusuna yanit aramaktir. Bu amacla, cesitli piyasa araclari ve yontemler kullanilarak para politikasi faizi beklentileri hesaplanmis ve degiskenlerin para politikasi...