- Uluslararası Sosyal ve Ekonomik Çalışmalar Dergisi
- Cilt: 6 Sayı: 1
- Political Instability and Monetary Transmission Mechanism Interaction in Türkiye
Political Instability and Monetary Transmission Mechanism Interaction in Türkiye
Authors : Tuğberk Çiloğlu, Selim Şanlısoy
Pages : 1-21
Doi:10.62001/gsijses.1612284
View : 59 | Download : 51
Publication Date : 2025-06-30
Article Type : Research Paper
Abstract :One of the most important channels of the monetary transmission mechanism, which has many transmission channels, is the interest rate channel. In the functioning process of the interest rate channel, the central bank aims to change various aggregates in the real economy in line with monetary policy objectives by setting short-term interest rates and affecting medium and long-term interest rates. For this process to function effectively, the existence of political stability in the relevant country is of great importance. In Turkey, which has frequently experienced periods of political instability from past to present, the impact of political instability on the interest rate channel is quite significant and clear. Therefore, this study analyses the interaction between political instability processes and the functioning of the interest rate channel in the Turkish economy by using econometric methods and tests. The findings of the study reveal that the interest rate channel works in the Turkish economy and political instability processes affect the interest rate channelKeywords : Para politikası, Faiz Oranları, Siyasi İstikrarsızlık, Parasal Aktarım Mekanizması
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