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The Choice of Monetary Policy Tool(s) and Relative Price Variability: Evidence from Turkey

Year: 2009

Type: article

Abstract: The aim of this study is to assess any regularity relative price dispersion for the effect of monetary policy tool selection. Central banks use tools such as interbank rate and exchange rate when pursuing their (monetary) policies. The selected tools affect economic variables differently. By using Turkish monthly data for the 1988:2-2008:2 period, this study suggests that pure policies (such as interbank rate only or exchange rate only) increase relative price variability more than mixed policies, where the monetary authorities use the above tools simultaneously. © 2009 Asian Network for Scientific Information.

Source: Journal of Applied Sciences

DOI: 10.3923/jas.2009.2238.2246

Authors: M.H. Berument, A. Sahin, B. Saracoglu

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1995025398

FWCI: 4.064

Cites: 31

Cited by: 11

Related to: 10