Has 'inflation targeting' increased the predictive power of term structure about future inflation: Evidence from Turkish experience?

Basit Öğe Kaydı
dc.authorscopusid36151016600
dc.authorscopusid15125307700
dc.contributor.authorKaya, H.
dc.contributor.authorYazgan, M.E.
dc.date.accessioned2024-07-18T20:16:58Z
dc.date.available2024-07-18T20:16:58Z
dc.date.issued2011
dc.description.abstractThis article contributes to the vast literature on the predictive power of term structure on future inflation by focusing on an emerging market case: Turkey. The most important result emerging in our article is the following: Monetary policy change is an important determinant of the relationship between term structure and inflation to the extent that even the existence of the relationship critically depends on the nature of the monetary policy regime. In our case, the change in monetary policy is associated with the beginning of the implementation of an Inflation Targeting (IT) regime. While, before IT, the information in term structure does not provide any predictive power for future inflation; this phenomenon seems to be completely reversed after IT. Since the implementation of IT, the term structures of interest rates seem to have gained considerable forecasting power for future inflation. © 2011 Taylor & Francis.en_US
dc.identifier.doi10.1080/09603107.2011.581209
dc.identifier.endpage1547en_US
dc.identifier.issn0960-3107
dc.identifier.issue20en_US
dc.identifier.scopus2-s2.0-79961075707en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage1539en_US
dc.identifier.urihttps://doi.org/10.1080/09603107.2011.581209
dc.identifier.urihttps://hdl.handle.net/11411/6334
dc.identifier.volume21en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.relation.ispartofApplied Financial Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectInflationen_US
dc.subjectInflation Targetingen_US
dc.subjectMonetary Policyen_US
dc.subjectStructural Breaken_US
dc.subjectTerm Structure Of İnterest Rateen_US
dc.subjectİnflationen_US
dc.subjectİnterest Rateen_US
dc.subjectMonetary Policyen_US
dc.subjectPolicy Analysisen_US
dc.subjectPolicy İmplementationen_US
dc.subjectTargetingen_US
dc.subjectTurkeyen_US
dc.titleHas 'inflation targeting' increased the predictive power of term structure about future inflation: Evidence from Turkish experience?en_US
dc.typeArticleen_US

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