Revisiting monetary policy effectiveness in Turkey using a FAVAR model

This study aims to perform a comparative analysis of the effectiveness of pass-through of policy rates in Turkey. We explore monetary transmission with different choices of instruments, i.e., the Turkish Lira Reference Interest Rate (TRLIBOR rate), BIST overnight rate, and Divisia money, and under d...

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Bibliographic Details
Main Author: Polat Umurcan
Format: Article
Language:English
Published: Economists' Association of Vojvodina 2025-01-01
Series:Panoeconomicus
Subjects:
Online Access:https://doiserbia.nb.rs/img/doi/1452-595X/2025/1452-595X2200009P.pdf
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