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Journals / Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2015 / Cilt: 22 - Sayı: 2

Relationship Between The Inflation And Nominal Interest Rate: The Case Of Turkey (2004-2013)

Enflasyon ve Nominal Faiz Oranı İlişkisi: Türkiye Örneği (2004-2013)

Musa ATGÜR
N. Oğuzhan ALTAY
Pages
521–534
Publication Date
2022-11-05
DOI
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AI Summary & Key Takeaways

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

Therefore, the Central Bank of the Republic of Turkey should conduct to implement monetary policy taking into account the long-run relation for the next period.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This paper examines the relationship between the inflation and interest rate in Turkey for the period 2004-2013.
📊
Key Findings & Data:The results obtained in this study have pointed to the existence of Fisher Effect in Turkey during the period 2004-2013.
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Conclusion & Impact:Therefore, the Central Bank of the Republic of Turkey should conduct to implement monetary policy taking into account the long-run relation for the next period.
🔬Design:Research Article
📍Scope:2004-2013 Verileri
⚙️Variables:Domain Parameters

Abstract

This paper examines the relationship between the inflation and interest rate in Turkey for the period 2004-2013. The results obtained in this study have pointed to the existence of Fisher Effect in Turkey during the period 2004-2013. According to the Johansen, Lütkepohl-Saikkonen Cointegration Tests and Dynamic Least Squares (DOLS)method the results applied in the study, a long-run relationship has been found between the inflation(ENF) and nominal interest rate (NFO) variables. In this context, the developments is related to each other about the inflation and nominal interest rates in Turkey for during the period 2004-2013. Therefore, the Central Bank of the Republic of Turkey should conduct to implement monetary policy taking into account the long-run relation for the next period.

Özet

Bu çalışmada, Türkiye'de enflasyon ve nominal faiz oranı ilişkisi, 2004-2013 dönemi için incelenmiştir. Çalışmada elde edilen sonuçlar, 2004-2013 döneminde Türkiye'de Fisher Etkisinin varlığına işaret etmiştir. Çalışmada uygulanan Johansen, Lütkepohl-Saikkonen Eşbütünleşme Testleri ve Dinamik En Küçük Kareler (DOLS) Yöntemi sonuçlarına göre, enflasyon (ENF) ve nominal faiz oranı (NFO) değişkenleri arasında uzun dönemli bir ilişki bulunmuştur. Bu kapsamda 2004-2013 döneminde Türkiye'de enflasyon ve nominal faiz oranındaki gelişmeler birbiri ile yakından ilgilidir. Bu sebeple, Türkiye Cumhuriyet Merkez Bankasının önümüzdeki dönemde de uygulayacağı para politikalarını bu uzun dönemli ilişkiyi dikkate alarak yürütmesi önem arzetmektedir.

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Cite This Article

ATGÜR, M., ALTAY, N. O. (2022). Relationship Between The Inflation And Nominal Interest Rate: The Case Of Turkey (2004-2013). Yönetim ve Ekonomi: Celal Bayar Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Cilt: 22 - Sayı: 2, 521–534. https://ajindex.com/articles/647384

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