PSYCHOLOGICAL DOMINANCE, MARKET DOMINANCE AND THEIR IMPACTS IN TURKEY

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dc.contributor.authorBildirici, Melike
dc.contributor.authorParasiz, Ilker
dc.contributor.authorErsin, Ozgur Omer
dc.contributor.authorAykac-Alp, Elcin
dc.date.accessioned2024-03-13T10:33:42Z
dc.date.available2024-03-13T10:33:42Z
dc.date.issued2015
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractThe study focuses on analyzing an economy that applies an inflation-targeting rule in which the policy interest rate is determined actively by the Taylor rule, and the policy maker involuntarily becomes the affirmant of inflation. In an economy that applies inflation-targeting policy where interest rates are determined in light of the Taylor rule, as the Central Bank tries to establish price stability and financial stability by determining policy interest rates, the Central Bank might fall into a position to do nothing but to assent inflation. In the empirical section, two new indices, the psychological dominance (pdi) and market dominance indices (mdi) are developed based on the difference between the policy rates. The band within which the indices follow random walk processes are determined with Band-TAR models. The CB policy is additionally modeled with a nonlinear Taylor rule with TVEC models. The most significant point of the process is its inflation-creating effect. By moving from the Turkey example, the main problem in the policies of Central Bank of Turkey is the difference between the borrowing and lending rates and its inflationary effect.en_US
dc.identifier.endpage191en_US
dc.identifier.issn0424-267X
dc.identifier.issn1842-3264
dc.identifier.issue4en_US
dc.identifier.startpage171en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12662/4123
dc.identifier.volume49en_US
dc.identifier.wosWOS:000368562900011en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherEditura Aseen_US
dc.relation.ispartofEconomic Computation And Economic Cybernetics Studies And Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectPrice Stabilityen_US
dc.subjectMonetary Policyen_US
dc.subjectCentral Banken_US
dc.subjectTaylor Ruleen_US
dc.subjectNonlinear econometricsen_US
dc.titlePSYCHOLOGICAL DOMINANCE, MARKET DOMINANCE AND THEIR IMPACTS IN TURKEYen_US
dc.typeArticleen_US

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