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Economic Policy Uncertainty in Turkey

Economic Policy Uncertainty in Turkey »

Source: Economic Policy Uncertainty in Turkey

Volume/Issue: 2018/272

Series: IMF Working Papers

Author(s): La-Bhus Fah Jirasavetakul , and Antonio Spilimbergo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2018

ISBN: 9781484387740

Keywords: Turkey, Europe, Policy uncertainty, economic uncertainty, firm-level, sector-level, investment decisions, employment growth, leverage strategies, diff-in-diff estimation

Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we constr...

How External Factors Affect Domestic Economy

How External Factors Affect Domestic Economy »

Source: How External Factors Affect Domestic Economy : Nowcasting an Emerging Market

Volume/Issue: 2015/269

Series: IMF Working Papers

Author(s): Serhat Solmaz , and Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2015

ISBN: 9781513598987

Keywords: Nowcasting, Bayesian estimation, VAR, Emerging Market, economy, domestic economy, risk, economies, external factors, Bayesian Analysis

External headwinds, together with domestic vulnerabilities, have loomed over the prospects of emerging markets in recent years. We propose an empirical toolbox to quantify the impact of external macro-financial sho...

Economic Policy Uncertainty in Turkey

Economic Policy Uncertainty in Turkey »

Volume/Issue: 2018/272

Series: IMF Working Papers

Author(s): La-Bhus Fah Jirasavetakul , and Antonio Spilimbergo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2018

DOI: http://dx.doi.org/10.5089/9781484387740.001

ISBN: 9781484387740

Keywords: Turkey, Europe, Policy uncertainty, economic uncertainty, firm-level, sector-level, investment decisions, employment growth, leverage strategies, diff-in-diff estimation

Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we constr...

How External Factors Affect Domestic Economy
			: Nowcasting an Emerging Market

How External Factors Affect Domestic Economy : Nowcasting an Emerging Market »

Volume/Issue: 2015/269

Series: IMF Working Papers

Author(s): Serhat Solmaz , and Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2015

DOI: http://dx.doi.org/10.5089/9781513598987.001

ISBN: 9781513598987

Keywords: Nowcasting, Bayesian estimation, VAR, Emerging Market, economy, domestic economy, risk, economies, external factors, Bayesian Analysis

External headwinds, together with domestic vulnerabilities, have loomed over the prospects of emerging markets in recent years. We propose an empirical toolbox to quantify the impact of external macro-financial sho...

Measuring Disinflation Credibility in Emerging Markets
			: A Bayesian Approach with An Application to Turkey

Measuring Disinflation Credibility in Emerging Markets : A Bayesian Approach with An Application to Turkey »

Volume/Issue: 2004/208

Series: IMF Working Papers

Author(s): Alessandro Rebucci , and Marco Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

DOI: http://dx.doi.org/10.5089/9781451874730.001

ISBN: 9781451874730

Keywords: Bayesian Learning, Credibility, Mixing Estimation, inflation, monetary policy, inflation process, inflation rate, inflation targeting, Bayesian Analysis, International Finance Forecasting and Simulation,

This paper presents an empirical measure of disinflation credibility and discusses its evolution in Turkey since the 2001 crisis. The results indicate that credibility has improved markedly over this period, boding...

Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs

Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs »

Volume/Issue: 2014/128

Series: IMF Working Papers

Author(s): Francesco Furlanetto , Paolo Gelain , and Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 July 2014

DOI: http://dx.doi.org/10.5089/9781498305327.001

ISBN: 9781498305327

Keywords: Business cycles, Economic growth, Econometric models, Potential output, Macroprudential Policy, Monetary policy, Financial Frictions, Optimal Monetary Policy, Output Gap, inflation

The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial...

The Role of Monetary Policy in Turkey During the Global Financial Crisis

The Role of Monetary Policy in Turkey During the Global Financial Crisis »

Volume/Issue: 2011/150

Series: IMF Working Papers

Author(s): Selim Elekdag , and Harun Alp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

DOI: http://dx.doi.org/10.5089/9781455270484.001

ISBN: 9781455270484

Keywords: financial accelerator, Bayesian estimation, DSGE models, emerging economies, exchange rate, exchange rate regime, interest rates, Bayesian Analysis, And The Supply Of Money And Credit,

Turkey is an interesting case study because it was one of the hardest hit emerging economies by the global financial crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the...

Measuring Disinflation Credibility in Emerging Markets

Measuring Disinflation Credibility in Emerging Markets »

Source: Measuring Disinflation Credibility in Emerging Markets : A Bayesian Approach with An Application to Turkey

Volume/Issue: 2004/208

Series: IMF Working Papers

Author(s): Alessandro Rebucci , and Marco Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2004

ISBN: 9781451874730

Keywords: Bayesian Learning, Credibility, Mixing Estimation, inflation, monetary policy, inflation process, inflation rate, inflation targeting, Bayesian Analysis, International Finance Forecasting and Simulation,

This paper presents an empirical measure of disinflation credibility and discusses its evolution in Turkey since the 2001 crisis. The results indicate that credibility has improved markedly over this period, boding...

Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs

Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs »

Source: Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs

Volume/Issue: 2014/128

Series: IMF Working Papers

Author(s): Francesco Furlanetto , Paolo Gelain , and Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 July 2014

ISBN: 9781498305327

Keywords: Business cycles, Economic growth, Econometric models, Potential output, Macroprudential Policy, Monetary policy, Financial Frictions, Optimal Monetary Policy, Output Gap, inflation

The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial...

The Role of Monetary Policy in Turkey During the Global Financial Crisis

The Role of Monetary Policy in Turkey During the Global Financial Crisis »

Source: The Role of Monetary Policy in Turkey During the Global Financial Crisis

Volume/Issue: 2011/150

Series: IMF Working Papers

Author(s): Selim Elekdag , and Harun Alp

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2011

ISBN: 9781455270484

Keywords: financial accelerator, Bayesian estimation, DSGE models, emerging economies, exchange rate, exchange rate regime, interest rates, Bayesian Analysis, And The Supply Of Money And Credit,

Turkey is an interesting case study because it was one of the hardest hit emerging economies by the global financial crisis, with a year-over-year contraction of 15 percent during the first quarter of 2009. At the...