Does the central bank directly respond to output and inflation uncertainties in Turkey?
This paper investigates the role of inflation and output uncertainties on monetary policy rules in Turkey for the period 2002:01–2014:02. In the literature it is suggested that uncertainty is a key element in monetary policy, hence empirical models of monetary policy should regard to uncertainty. In...
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| Format: | Article |
| Language: | English |
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Elsevier
2016-06-01
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| Series: | Central Bank Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070116300129 |