International Journal of Business Economics and Management Perspectives

ISSN:2458-8997

Giriş Yap Üye Ol

THE INFLUENCE OF CHANGES IN EXCHANGE RATES AND INTEREST ON INFLATION RATES : CASE OF TURKEY


The purpose of this study, the changes in foreign exchange rates and interest rates in Turkey is to demonstrate the impact on inflation rates. The survey covers the period January 2003-December 2017. Consumer prices, exchange rates and deposit interest rates were used in the study. While inflation as a dependent variable was determined, exchange rates and deposit interest were determined as independent variables. The time series included in the selected time interval was handled monthly. Cointegration analysis was applied to the series and the relationship between the variables was tried to be determined. Econometric analysis has been completed by applying the error correction model. As a result of the study, there was a long-term relationship between inflation, exchange rates and deposit interest rates. At the same time, it was concluded that the inflation rates and the lagged exchange rates are influencing the inflation rates.


Keywords


Interest, Exchange rates, Co-integration, Vector Error Correction Model, Causality

Yazar: - Türker TEKER, Vesile ÖMÜRBEK
Sayfa Sayısı: null
DOI:
Tam Metin:
International Journal of Business Economics and Management Perspectives
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