| Yazarlar |
Doç. Dr. Hüseyin Levent KORAP
Kastamonu Üniversitesi, Türkiye |
| Özet |
| This study tries to take a new look at the exchange rate determination model by employing recent developments in time series estimation methodologies. For this purpose, the validity of the sticky price monetary exchange rate model has been searched for the Turkish lira / US dollar case. Estimation results considering both linear and non–linear modeling approaches highly support the theoretical foundations and reveal explicitly the asymmetric nature of the model. The paper infers that since the nominal exchange rate seems to be determined through the economic fundamentals, it should not be used as a policy tool with a long–term perspective. |
| Anahtar Kelimeler |
| Asymmetry | Cointegration | Dynamic multiplier effects | Exchange rate determination | Sticky price monetary model | Turkish economy |
| Makale Türü | Özgün Makale |
| Makale Alt Türü | SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale |
| Dergi Adı | Emerging Markets Review |
| Dergi ISSN | 1566-0141 |
| Dergi Tarandığı Indeksler | SSCI |
| Dergi Grubu | Q1 |
| Makale Dili | İngilizce |
| Basım Tarihi | 12-2024 |
| Cilt No | 101206 |
| Sayı | 63 |
| Doi Numarası | 10.1016/j.ememar.2024.101206 |
| Makale Linki | https://www.sciencedirect.com/science/article/pii/S1566014124001018?dgcid=author |
| Atıf Sayıları |
