This article estimates the effects of monetary policy on components of aggregate demand using quarterly data on Turkish economy from 1987–2008 by means of structural Vector Autoregression (VAR) methodology. This study adopts Uhlig's (2005) sign restrictions on the impulse responses of main...

In this study, we examine the responsiveness of exports to the real exchange rate shocks for different countries. Employing a Vector Autoregressive (VAR) methodology, the effects of different real exchange rate shocks on the Turkish export demand is examined by using quarterly data from the...

Capital inflows are important factor affecting macroeconomic performance, such as the real exchange rate, interest rates, output, and price level. However, the components of capital inflows are also important. Capital inflows in the forms of portfolio investment liabilities, foreign direct...