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Nispi Fiyatlarla Genişletilmiş Frenkel-Bilson Parasal Döviz Kuru Modelinin Türkiye’de Geçerliliği

Does Frenkel-Bilson Monetary Exchange Model Augmented with Relative Prices Hold in Turkey?

Journal Name:

  • Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

Publication Year:

  • 2015

Key Words:

Keywords (Original Language):

Author NameUniversity of AuthorFaculty of Author
Abstract (2. Language): 
This study tests the Frenkel-Bilson Model Augmented with Relative Price for USD/TL exchange rate movements in Turkish economy between 1990:01 and 2014:03. The study is important because it tests a monetary model that allows the equilibrium real exchange rate movements, with time varying parameter method (Kalman Filter). The study shows that the model has the power to explain the exchange rate movements in Turkey and the coefficients vary throughout the period.
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Abstract (Original Language): 
Bu çalışma, Nispi fiyatlarla genişletilmiş Frenkel-Bilson modelini Türkiye ekonomisinin 1990:01-2014:03 dönemi USD/TL döviz kuru hareketleri için test etmektedir. Çalışma; denge reel döviz kuru değişimlerine izin veren bir parasal modeli, zamana göre değişen parametreler yöntemi (Kalman Filitre) ile test etmesi açısından önemli görülmektedir. Çalışma, modelin Türkiye'de döviz kuru hareketlerini açıklama gücüne sahip olduğunu ve katsayıların dönem boyunca değişkenlik gösterdiğini ortaya koymaktadır.
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