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FED ve TCMB Politika Kararları Arasındaki Stratejik Etkileşimin Testi: Toda-Yamamoto Yaklaşımı

Author

Listed:
  • Metin Tetik

    (Uşak Üniversitesi, Uygulamalı Bilimler Yüksekokulu, Uşak, Türkiy)

  • Görkem Kara

    (Uşak Üniversitesi, Ekonometri Bölümü, Uşak, Türkiye)

Abstract

Bu çalışma Federal Rezerv Bankası(FED) ve Türkiye Cumhuriyet Merkez Bankası(TCMB) politika kararları arasında stratejik bir etkileşim durumunu inceleme üzerine kurulmuştur. Bu çerçevede, çalışma TCMB’ nin uyguladığı politikaların, FED’ in politika kararlarından etkilenip etkilenmediğini oyun teorik bir lider-takipçi ilişkisi üzerinden analiz etmektedir. Bunun için, FED ve TCMB arasındaki etkileşim oyun teorik olarak modellenmiştir. Modelde öne sürülen hipotezler 2006M01- 2020M12 dönemleri için Toda-Yamamoto yaklaşımını kullanılarak test edilmiştir. Bulgular, oyun teorik olarak FED’ in lider olduğu ve FED ve TCMB arasında bir lider-takipçi durumun ortaya çıktığını göstermektedir.

Suggested Citation

  • Metin Tetik & Görkem Kara, 2020. "FED ve TCMB Politika Kararları Arasındaki Stratejik Etkileşimin Testi: Toda-Yamamoto Yaklaşımı," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 0(32), pages 35-47, June.
    • Handle: RePEc:ist:ekoist:v:0:y:2020:i:32:p:35-47
    DOI: 10.26650/ekoist.2020.32.0003
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    References listed on IDEAS

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