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Journals / Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi / 2015 / Cilt: 6 - Sayı: 1

Does Frenkel-Bilson Monetary Exchange Model Augmented with Relative Prices Hold in Turkey

Nispi Fiyatlarla Genişletilmiş Frenkel-Bilson Parasal Döviz Kuru Modelinin Türkiye’de Geçerliliği

Ahmet GÜNEY
Pages
1–24
Publication Date
2015-12-01
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The study shows that the model has the power to explain the exchange rate movements in Turkey and the coefficients vary throughout the period.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study tests the Frenkel-Bilson Model Augmented with Relative Price for USD/TL exchange rate movements in Turkish economy between 1990:01 and 2014:03.
📊
Key Findings & Data:The study is important because it tests a monetary model that allows the equilibrium real exchange rate movements, with time varying parameter method (Kalman Filter).
💡
Conclusion & Impact:The study shows that the model has the power to explain the exchange rate movements in Turkey and the coefficients vary throughout the period.
🔬Design:Modeling & Simulation
📍Scope:2014 Verileri
⚙️Variables:Frenkel-Bilson Monetary Model · Exchange Rate Determination · Kalman Filter

Abstract

This study tests the Frenkel-Bilson Model Augmented with Relative Price for USD/TL exchange rate movements in Turkish economy between 1990:01 and 2014:03. The study is important because it tests a monetary model that allows the equilibrium real exchange rate movements, with time varying parameter method (Kalman Filter). The study shows that the model has the power to explain the exchange rate movements in Turkey and the coefficients vary throughout the period.

Özet

Bu çalışma, Nispi fiyatlarla genişletilmiş Frenkel-Bilson modelini Türkiye ekonomisinin 1990:01-2014:03 dönemi USD/TL döviz kuru hareketleri için test etmektedir. Çalışma; denge reel döviz kuru değişimlerine izin veren bir parasal modeli, zamana göre değişen parametreler yöntemi (Kalman Filitre) ile test etmesi açısından önemli görülmektedir. Çalışma, modelin Türkiye'de döviz kuru hareketlerini açıklama gücüne sahip olduğunu ve katsayıların dönem boyunca değişkenlik gösterdiğini ortaya koymaktadır.

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Cite This Article

GÜNEY, A. (2015). Does Frenkel-Bilson Monetary Exchange Model Augmented with Relative Prices Hold in Turkey. Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, Cilt: 6 - Sayı: 1, 1–24. https://ajindex.com/articles/127849

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