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Does the Bank Lending Channel of Monetary Transmission Work in Turkey?

Does the Bank Lending Channel of Monetary Transmission Work in Turkey? »

Source: Does the Bank Lending Channel of Monetary Transmission Work in Turkey?

Volume/Issue: 2007/272

Series: IMF Working Papers

Author(s): Petya Koeva Brooks

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2007

ISBN: 9781451868357

Keywords: Bank lending, monetary transmission, monetary policy, central bank, banking,

Does the bank lending channel of monetary transmission work in Turkey? Using the May- June 2006 financial turbulence as an exogenous shock that prompted a significant tightening of monetary policy, this paper exami...

The Fiscal Abuse of Central Banks

The Fiscal Abuse of Central Banks »

Source: The Fiscal Abuse of Central Banks

Volume/Issue: 1993/58

Series: IMF Working Papers

Author(s): Maxwell Fry

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 1993

ISBN: 9781451966565

Keywords: central bank, inflation, monetary fund, monetary policy

This paper reviews the fiscal activities that governments in a sample of 26 developing countries have obliged their central banks to undertake. In the main, these activities fall under five categories: (1) collecti...

Optimal Monetary Policy with Overlapping Generations of Policymakers

Optimal Monetary Policy with Overlapping Generations of Policymakers »

Source: Optimal Monetary Policy with Overlapping Generations of Policymakers

Volume/Issue: 2010/32

Series: IMF Working Papers

Author(s): Maral Shamloo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451962642

Keywords: Monetary Policy Committee, Commitment, Discretion, Optimal Monetary Policy, inflation, monetary authority, monetary economics,

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I present a model in which the monetary authority is a committee that consists of members who serve overlapping, finit...

An Econometric Analysis of the Determinants of Inflation in Turkey

An Econometric Analysis of the Determinants of Inflation in Turkey »

Source: An Econometric Analysis of the Determinants of Inflation in Turkey

Volume/Issue: 1997/170

Series: IMF Working Papers

Author(s): Laura Papi , and G. Lim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1997

ISBN: 9781451858389

Keywords: inflation equation, monetary policy, aggregate demand, price level

High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed some light on the determinants of inflation in Turkey by analyzing price determination within...

Selected Transition and Mediterranean Countries

Selected Transition and Mediterranean Countries »

Source: Selected Transition and Mediterranean Countries : An Institutional Primer on EMU and EU Relations

Volume/Issue: 1998/82

Series: IMF Working Papers

Author(s): Robert Feldman , and Heliodoro Temprano-Arroyo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 1998

ISBN: 9781451850413

Keywords: EMU, EU, transition, central bank, government securities, inflation, monetary policy, monetary fund

Economic and Monetary Union (EMU) has a number of institutional implications for the transition countries of Central and Eastern Europe and selected Mediterranean countries that aspire to join the European Union (E...

A Simple DGE Model for Inflation Targeting

A Simple DGE Model for Inflation Targeting »

Source: A Simple DGE Model for Inflation Targeting

Volume/Issue: 2007/197

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2007

ISBN: 9781451867619

Keywords: Monetary Policy Transmission Mechanism, Macroeconomic Models, inflation, terms of trade, inflation target, relative price, Transmission Mechanism,

The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibr...

Bank Failures and Fiscal Austerity

Bank Failures and Fiscal Austerity »

Source: Bank Failures and Fiscal Austerity : Policy Presecriptions for a Developing Country

Volume/Issue: 2000/90

Series: IMF Working Papers

Author(s): Andrew Feltenstein

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2000

ISBN: 9781451851380

Keywords: bank failures, general equilibrium, banking system, monetary policy, bank behavior, bank assets

This work employs a dynamic general equilibrium model to evaluate the causes and implications of bank insolvencies. The model is applied to stylized data from several South Asian countries. It derives conclusions a...

Liquidity Trap and Excessive Leverage

Liquidity Trap and Excessive Leverage »

Source: Liquidity Trap and Excessive Leverage

Volume/Issue: 2014/129

Series: IMF Working Papers

Author(s): Anton Korinek , and Alp Simsek

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 July 2014

ISBN: 9781498370943

Keywords: Leverage, liquidity trap, zero lower bound, aggregate demand externality, efficiency, aggregate demand, inflation, real interest rate, contractionary monetary policy, Financial Markets and the Macroeconomy

We investigate the role of macroprudential policies in mitigating liquidity traps driven by deleveraging, using a simple Keynesian model. When constrained agents engage in deleveraging, the interest rate needs to f...

Leading Indicators of Growth and Inflation in Turkey

Leading Indicators of Growth and Inflation in Turkey »

Source: Leading Indicators of Growth and Inflation in Turkey

Volume/Issue: 2002/231

Series: IMF Working Papers

Author(s): Daniel Leigh , and Marco Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2002

ISBN: 9781451875546

Keywords: Growth, inflation, combination forecasts, monetary policy, central bank, monetary aggregate, foreign exchange, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation

Growth and inflation in Turkey have been volatile over the last two decades. It would, therefore, be useful to identify indicators that anticipate economic conditions and inflation. This paper investigates the pred...

Country Experiences with the Introduction and Implementation of Inflation Targeting

Country Experiences with the Introduction and Implementation of Inflation Targeting »

Source: Country Experiences with the Introduction and Implementation of Inflation Targeting

Volume/Issue: 2009/161

Series: IMF Working Papers

Author(s): Inci Ötker , and Charles Freedman

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

ISBN: 9781451873085

Keywords: country experiences, monetary policy implementation, central bank, price stability, Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data),

This is the tenth chapter of a forthcoming monograph entitled, "On Implementing Full- Fledged Inflation-Targeting Regimes: Saying What You Do and Doing What You Say." It describes the experiences of a number of cou...