TÜRKİYE’DE TAYLOR KURALININ ASİMETRİK NEDENSELLİK TESTİ

References (14)

1. KaynaklarAklan, Necla Adanur A.; Nargeleçekenler, Mehmet (2008). “Taylor Kuralı: Türkiye Üzerine Bir Değerlendirme“, Ankara Üniversitesi SBF Dergisi. 63(02), 21-41.Aklan, Necla Adanur A.; Nargeleçekenler, Mehmet (2011). “Aktif Fiyatları ve Para Politikaları: Türkiye Üzerine Bir Değerlendirme, Econ Anadolu. Albayrak, Nilcan; Abdioğlu, Zehra (2015). “Geriye ve İleriye Dönük Para Politikası Reaksiyon Fonksiyonlarının Tahmini: Taylor Kuralı“, Suleyman Demirel University Journal of Faculty of Economics & Administrative Sciences, 20(4).Ardor, Naim Hakan (2014). “İleriye Dönük Yeni Keynesyen Para Politikası Reaksiyon Fonksiyonunun Tahmini“, Ekonomik Yaklaşım. 24(89), 45-71.Arestis, Philip; Sawyer, Malcolm (2008a). “A Critical Reconsideration of the Foundations of Monetary Policy in the New Consensus Macroeconomics Framework“, Cambridge Journal of Economics. 32(5),761-779.Arestis, Philip; Sawyer, Malcolm (2008b). “New Consensus Macroeconomics and Inflation Targeting: Keynesian Critique, Economia e Società,Campinasi17, Numero especial, 629-654.Bal, Harun; Tanrıöver, Banu; Erdoğan, Esma (2016). “Taylor Kuralı Kapsamında Merkez Bankası Politika Faiz Oranlarının Belirlenmesi: Stokastik Trend Yaklaşımı”, International Journal of Academic Value Studies, 2016 / 2 (6): 95-106.
2. Lebe, Fuat; Bayat, Tayfur (2011). “Taylor Kuralı:Türkiye için Bir Vektör Otoregresif Model Analizi“, Ege Akademik Bakış, Cilt 11, s.95-112.Bernanke, Ben S.; Mishkin,S.Frederic (1997). “Inflation targeting: a New Framework for Monetary Policy? “, No. w5893: National Bureau of Economic Research.Bullard, James (2015). “Neo-Fisherianism.”, Presentation at the University of Oregon’s conference, “Expectations in Dynamic Macroeconomic Models”. Eugene, Oregon, 13 August. Available at https://www.stlouisfed.org/~/media/Files/PDFs/Bullard/remarks/Bullard-Expectations in%20Dynamic-Macroeconomic-Models-08-13-2015.pdf. Carlin, Wendy; Soskice, David (2005). The 3-equation New Keynesian Model-a graphical expositio, Contributions in Macroeconomics. 5(1).Carlin, Wendy; Soskice, David (2006). Macroeconomics: Imperfections, Institutions, and Policies, Oxford University Press.Clarida, Richard; Galí, Jordi; Gertler, Mark (1998). “ Monetary Policy Rules in Practice: Some International Evidence“, European Economic Review, 42(6),1033-1067.Clarida, Richard; Galí, Jordi; Gertler, Mark (1999). “The Science of Monetary Policy: A New Keynesian Perspective’’, Journal of Economic Literature, Vol. XXXVII (December 1999), pp. 1661–1707.Cochrane, John (2016). “Do Higher Interest Rates Raise or Lower Inflation?”, Mimeo. Available at http://faculty.chicagobooth.edu/john.cochrane/research/papers/fisher.pdf.Çağlayan,
3. Ebru (2005). “ Türkiye'de Taylor Kuralının Geçerliliğinin Ekonometrik Analizi“, Marmara Üniversitesi İ.İ.B.F. Dergisi, Cilt XX, 1.Çevik, Nüket Kırcı; Pazarlıoğlu, M. Vedat (2014). “Türkiye'de Para Politikasının Yapısı ve Para Kuralı: 1990-2013 Dönemi“, Balkan Journal of Social Sciences/Balkan Sosyal Bilimler Dergisi, 3(6).De León, Arias Adrian (2013). “An Alternative for Analysing and Teaching Monetary Policy based on Interest Rate Rules: the Institutional Perspectives from Myrdal’s Monetary Equilibrium“, International Journal of Pluralism and Economics Education, 4(1), 93-114.Demiralp, Selva (2018). “Yeni Teorileri Temkinli Uygulayalım”. http://www.milliyet.com.tr/yazarlar/selva-demiralp/yeni-teorileri-temkinli-uygulayin--2675768/Demirbaş, Erkan; Kaya, Veysel (2012),. “Testing The Valıdıty Of Taylor Prıncıple For Turkey From A Different Perspectıve”, AİBÜ Sosyal Bilimler Enstitüsü Dergisi, 2012, Cilt:12, 20. Yıl, Özel Sayı, 12:81-110.Dickey, David A.; Fuller, Wayne A. (1979). "Distribution of the Estimators for Autoregressive Time Series With a Unit Root", Journal of the American Statistical Association, 7/4, 427-431.Dickey, David A.; Fuller, Wayne A (1981). “Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root“, Econometrica: Journal of the Econometric Society, 49/4, 1057-1072.Erdal, F., & Güloğlu, Bülent (2005). “Modelling Real Exchange Rate Behaviour with the Taylor Rule: An Empirical Analysis“, Proc. The International Conference on Policy Modeling, EcoMod, Istanbul.Fontana, Giuseppe (2007). “Why Money Matters: Wicksell, Keynes, and the New Consensus view on Monetary Policy“, Journal of Post Keynesian Economics, Volume 30, No.1, 43-60.Greiber, Claus; Herz, Bernhard (2000). “Taylor Rules in Open Economies“, Working Paper Bayreuth University. Gascoigne, Jamie; Turner, Paul (2003). “Asymmetries in Bank of England Monetary Policy, Applied Economics Letters, 11(10), 615-618.Gögül, Pelin Karatay; Songur, Mehmet (2016). “Türkiye’de Enflasyon Hedeflemesi Stratejisinde Araç Kural “Taylor Kuralı” mı?, Maliye Araştırmaları Dergisi, Yıl:2, Cilt:2, Sayı:1.Hacker, R. Scott; Hatemi-J, Abdulnasser (2006). “Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application”, Applied Economics, 2006, vol. 38, issue 13, 1489-1500.Hatemi-J, Abdulnasser (2012), “Asymmetric Causality Tests with an Application“, Empirical Economics, 43, 447-456. IFS (International Financial Statics). https://data.world/imf/international-financial-statis (erişim tarihi 09.03.2018)
4. Kayhan, Selim; Bayat, Tayfur; Koçyiğit, Ali (2013). “ Enflasyon Hedeflemesi Rejiminde Öğrenme Süreci ve Asimetri: Markov Switchin Yaklaşımı“, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 8(1).Kesriyeli, M.; Yalçın, C. (1998). Taylor Kuralı ve Uygulaması Üzerine Bir Not. TCMB Araştırma Genel Müdürlüğü Tartışma Tebliği, No:9802.Moura, Marcelo L.; Ala Carvalho (2010). “What can Taylor rules say about monetary policy in Latin America?, Journal of Macroeconomics, Volume 32, Issue 1, March 2010, Pages 392-404.
5. Nelson, Edward (2000). “UK Monetary Policy 1972-97: a Guide using Taylor Rules“, Bank of England Working Paper, No:20.Orlowski, Lucjan T. (2010). “Monetary Policy Rules for Convergence to the Euro, Economic Systems,3 4(2), 148-159.Österholm Par (2005). “The Taylor Rule: A Spurious Regression? “, Bulletin of Economic Research, 57(3), 2005, 217-247.Pehlivanoğlu, Ferhat (2014). “Optimal Para Politikası Çerçevesinde Taylor Tipi Faiz Oranı Reaksiyon Fonksiyonun Tahmini: Türkıye Örneği“, Bilgi Ekonomisi ve Yönetimi Dergisi, Cilt: IX Sayı: I.Shibamoto, Masahiko (2008). “The Estimation of Monetary Policy Reaction Function in a data-rich environment: The case of Japan“, Japan and the World Economy, 20(4), 497-520.Svensson, Lars E. O., 1999. "Inflation targeting as a monetary policy rule", Journal of Monetary Economics, Elsevier, vol. 43(3), 607-654,
6. June.Taylor, John B. (1993). Discretion versus Policy Rules in Practice, In Carnegie-Rochester Conference Series on Public Policy North-Holland, Vol. 39, December, 195-214.Taylor, John (2000). “Teaching Modern Macroeconomics at the principles level“, American Economic Review, 90-94.Taylor, John (2001). “The Role of the Exchange Rate in Monetary Policy Rules”, The American Economic Review, 263-268.TCMB EVDS. https://evds2.tcmb.gov.tr/ (erişim tarihi 09.03.2018).
7. Toda, Hiro; Yamamoto, Taku (1995). “ Statistical inference in vector autoregressions with possibly integrated processes”, Journal of Econometrics, 66: 225–50.Wicksell, Knut (1898). Interest and Prices. Sentry Press.Woodford, Michael (2003). Interest and Prices: Foundation of a Theory of Monetary Policy, Princeton University Press Princeton and Oxford. Vasicek, Borek (2009). Monetary Policy Rules and Inflation Process in Open Emerging Economies: evidence for 12 new EU members.Yapraklı, Sevda (2011). “Türkiye'de Açık Ekonomi Para Politikası Kuralının Geçerliliği“, İş,Güç Endüstri İlişkileri ve İnsan Kaynakları Dergisi, Cilt 13, Sayı 1, 127-142.Yazgan, Ege, M.,; Yılmazkuday, Hakan (2004). “ Monetary Policy Rules in Practice: Evidence from Turkey and Israel”, Applied Financial Economics, 17(1), 1-14.
8. KaynaklarAklan, Necla Adanur A.; Nargeleçekenler, Mehmet (2008). “Taylor Kuralı: Türkiye Üzerine Bir Değerlendirme“, Ankara Üniversitesi SBF Dergisi. 63(02), 21-41.Aklan, Necla Adanur A.; Nargeleçekenler, Mehmet (2011). “Aktif Fiyatları ve Para Politikaları: Türkiye Üzerine Bir Değerlendirme, Econ Anadolu. Albayrak, Nilcan; Abdioğlu, Zehra (2015). “Geriye ve İleriye Dönük Para Politikası Reaksiyon Fonksiyonlarının Tahmini: Taylor Kuralı“, Suleyman Demirel University Journal of Faculty of Economics & Administrative Sciences, 20(4).Ardor, Naim Hakan (2014). “İleriye Dönük Yeni Keynesyen Para Politikası Reaksiyon Fonksiyonunun Tahmini“, Ekonomik Yaklaşım. 24(89), 45-71.Arestis, Philip; Sawyer, Malcolm (2008a). “A Critical Reconsideration of the Foundations of Monetary Policy in the New Consensus Macroeconomics Framework“, Cambridge Journal of Economics. 32(5),761-779.Arestis, Philip; Sawyer, Malcolm (2008b). “New Consensus Macroeconomics and Inflation Targeting: Keynesian Critique, Economia e Società,Campinasi17, Numero especial, 629-654.Bal, Harun; Tanrıöver, Banu; Erdoğan, Esma (2016). “Taylor Kuralı Kapsamında Merkez Bankası Politika Faiz Oranlarının Belirlenmesi: Stokastik Trend Yaklaşımı”, International Journal of Academic Value Studies, 2016 / 2 (6): 95-106.
9. Lebe, Fuat; Bayat, Tayfur (2011). “Taylor Kuralı:Türkiye için Bir Vektör Otoregresif Model Analizi“, Ege Akademik Bakış, Cilt 11, s.95-112.Bernanke, Ben S.; Mishkin,S.Frederic (1997). “Inflation targeting: a New Framework for Monetary Policy? “, No. w5893: National Bureau of Economic Research.Bullard, James (2015). “Neo-Fisherianism.”, Presentation at the University of Oregon’s conference, “Expectations in Dynamic Macroeconomic Models”. Eugene, Oregon, 13 August. Available at https://www.stlouisfed.org/~/media/Files/PDFs/Bullard/remarks/Bullard-Expectations in%20Dynamic-Macroeconomic-Models-08-13-2015.pdf. Carlin, Wendy; Soskice, David (2005). The 3-equation New Keynesian Model-a graphical expositio, Contributions in Macroeconomics. 5(1).Carlin, Wendy; Soskice, David (2006). Macroeconomics: Imperfections, Institutions, and Policies, Oxford University Press.Clarida, Richard; Galí, Jordi; Gertler, Mark (1998). “ Monetary Policy Rules in Practice: Some International Evidence“, European Economic Review, 42(6),1033-1067.Clarida, Richard; Galí, Jordi; Gertler, Mark (1999). “The Science of Monetary Policy: A New Keynesian Perspective’’, Journal of Economic Literature, Vol. XXXVII (December 1999), pp. 1661–1707.Cochrane, John (2016). “Do Higher Interest Rates Raise or Lower Inflation?”, Mimeo. Available at http://faculty.chicagobooth.edu/john.cochrane/research/papers/fisher.pdf.Çağlayan,
10. Ebru (2005). “ Türkiye'de Taylor Kuralının Geçerliliğinin Ekonometrik Analizi“, Marmara Üniversitesi İ.İ.B.F. Dergisi, Cilt XX, 1.Çevik, Nüket Kırcı; Pazarlıoğlu, M. Vedat (2014). “Türkiye'de Para Politikasının Yapısı ve Para Kuralı: 1990-2013 Dönemi“, Balkan Journal of Social Sciences/Balkan Sosyal Bilimler Dergisi, 3(6).De León, Arias Adrian (2013). “An Alternative for Analysing and Teaching Monetary Policy based on Interest Rate Rules: the Institutional Perspectives from Myrdal’s Monetary Equilibrium“, International Journal of Pluralism and Economics Education, 4(1), 93-114.Demiralp, Selva (2018). “Yeni Teorileri Temkinli Uygulayalım”. http://www.milliyet.com.tr/yazarlar/selva-demiralp/yeni-teorileri-temkinli-uygulayin--2675768/Demirbaş, Erkan; Kaya, Veysel (2012),. “Testing The Valıdıty Of Taylor Prıncıple For Turkey From A Different Perspectıve”, AİBÜ Sosyal Bilimler Enstitüsü Dergisi, 2012, Cilt:12, 20. Yıl, Özel Sayı, 12:81-110.Dickey, David A.; Fuller, Wayne A. (1979). "Distribution of the Estimators for Autoregressive Time Series With a Unit Root", Journal of the American Statistical Association, 7/4, 427-431.Dickey, David A.; Fuller, Wayne A (1981). “Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root“, Econometrica: Journal of the Econometric Society, 49/4, 1057-1072.Erdal, F., & Güloğlu, Bülent (2005). “Modelling Real Exchange Rate Behaviour with the Taylor Rule: An Empirical Analysis“, Proc. The International Conference on Policy Modeling, EcoMod, Istanbul.Fontana, Giuseppe (2007). “Why Money Matters: Wicksell, Keynes, and the New Consensus view on Monetary Policy“, Journal of Post Keynesian Economics, Volume 30, No.1, 43-60.Greiber, Claus; Herz, Bernhard (2000). “Taylor Rules in Open Economies“, Working Paper Bayreuth University. Gascoigne, Jamie; Turner, Paul (2003). “Asymmetries in Bank of England Monetary Policy, Applied Economics Letters, 11(10), 615-618.Gögül, Pelin Karatay; Songur, Mehmet (2016). “Türkiye’de Enflasyon Hedeflemesi Stratejisinde Araç Kural “Taylor Kuralı” mı?, Maliye Araştırmaları Dergisi, Yıl:2, Cilt:2, Sayı:1.Hacker, R. Scott; Hatemi-J, Abdulnasser (2006). “Tests for causality between integrated variables using asymptotic and bootstrap distributions: theory and application”, Applied Economics, 2006, vol. 38, issue 13, 1489-1500.Hatemi-J, Abdulnasser (2012), “Asymmetric Causality Tests with an Application“, Empirical Economics, 43, 447-456. IFS (International Financial Statics). https://data.world/imf/international-financial-statis (erişim tarihi 09.03.2018)
11. Kayhan, Selim; Bayat, Tayfur; Koçyiğit, Ali (2013). “ Enflasyon Hedeflemesi Rejiminde Öğrenme Süreci ve Asimetri: Markov Switchin Yaklaşımı“, Eskişehir Osmangazi Üniversitesi İktisadi ve İdari Bilimler Dergisi, 8(1).Kesriyeli, M.; Yalçın, C. (1998). Taylor Kuralı ve Uygulaması Üzerine Bir Not. TCMB Araştırma Genel Müdürlüğü Tartışma Tebliği, No:9802.Moura, Marcelo L.; Ala Carvalho (2010). “What can Taylor rules say about monetary policy in Latin America?, Journal of Macroeconomics, Volume 32, Issue 1, March 2010, Pages 392-404.
12. Nelson, Edward (2000). “UK Monetary Policy 1972-97: a Guide using Taylor Rules“, Bank of England Working Paper, No:20.Orlowski, Lucjan T. (2010). “Monetary Policy Rules for Convergence to the Euro, Economic Systems,3 4(2), 148-159.Österholm Par (2005). “The Taylor Rule: A Spurious Regression? “, Bulletin of Economic Research, 57(3), 2005, 217-247.Pehlivanoğlu, Ferhat (2014). “Optimal Para Politikası Çerçevesinde Taylor Tipi Faiz Oranı Reaksiyon Fonksiyonun Tahmini: Türkıye Örneği“, Bilgi Ekonomisi ve Yönetimi Dergisi, Cilt: IX Sayı: I.Shibamoto, Masahiko (2008). “The Estimation of Monetary Policy Reaction Function in a data-rich environment: The case of Japan“, Japan and the World Economy, 20(4), 497-520.Svensson, Lars E. O., 1999. "Inflation targeting as a monetary policy rule", Journal of Monetary Economics, Elsevier, vol. 43(3), 607-654,
13. June.Taylor, John B. (1993). Discretion versus Policy Rules in Practice, In Carnegie-Rochester Conference Series on Public Policy North-Holland, Vol. 39, December, 195-214.Taylor, John (2000). “Teaching Modern Macroeconomics at the principles level“, American Economic Review, 90-94.Taylor, John (2001). “The Role of the Exchange Rate in Monetary Policy Rules”, The American Economic Review, 263-268.TCMB EVDS. https://evds2.tcmb.gov.tr/ (erişim tarihi 09.03.2018).
14. Toda, Hiro; Yamamoto, Taku (1995). “ Statistical inference in vector autoregressions with possibly integrated processes”, Journal of Econometrics, 66: 225–50.Wicksell, Knut (1898). Interest and Prices. Sentry Press.Woodford, Michael (2003). Interest and Prices: Foundation of a Theory of Monetary Policy, Princeton University Press Princeton and Oxford. Vasicek, Borek (2009). Monetary Policy Rules and Inflation Process in Open Emerging Economies: evidence for 12 new EU members.Yapraklı, Sevda (2011). “Türkiye'de Açık Ekonomi Para Politikası Kuralının Geçerliliği“, İş,Güç Endüstri İlişkileri ve İnsan Kaynakları Dergisi, Cilt 13, Sayı 1, 127-142.Yazgan, Ege, M.,; Yılmazkuday, Hakan (2004). “ Monetary Policy Rules in Practice: Evidence from Turkey and Israel”, Applied Financial Economics, 17(1), 1-14.