Monetary policy rules in practice: Evidence from Turkey and Israel Article

Yazgan, ME, Yilmazkuday, H. (2007). Monetary policy rules in practice: Evidence from Turkey and Israel . 17(1), 1-8. 10.1080/09603100600606206

cited authors

  • Yazgan, ME; Yilmazkuday, H

fiu authors

abstract

  • Forward looking monetary policy rules are estimated for Israel and Turkey. When variable inflation targets are taken into consideration, as opposed to the fixed targets used in prior research that use data from developed countries, forward looking Taylor rules seem to provide reasonable description of Central Bank behaviour in both countries. In general, it can be said that monetary policy appears to be quite strong in these countries, and especially so in Turkey, when compared with developed countries.

publication date

  • January 1, 2007

Digital Object Identifier (DOI)

start page

  • 1

end page

  • 8

volume

  • 17

issue

  • 1