Interaction of monetary and fiscal policies in Turkey

This paper aims to investigate the interaction between monetary and fiscal policies in Turkey. For this purpose, a Bayesian Structural Vector Autoregression (SVAR) model with sign and zero restrictions is used. We particularly focus on how the fiscal and monetary policy variables respond to various...

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Bibliographic Details
Main Authors: Tayyar Büyükbaşaran, Cem Çebi, Erdal Yılmaz
Format: Article
Language:English
Published: Elsevier 2020-12-01
Series:Central Bank Review
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S1303070120300111