A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2019; you can also visit the original URL.
The file type is
In this study, we analyze the behavior of inflation rate in Turkey by using monthly data belonging 2003:M01-2014:M08 period. We employ Markov Switching Auto regression (MSI-AR) approach in order to investigate whether the monetary authorities have asymmetric behaviors. Results imply that the Central Bank of the Republic of Turkey plays active or inactive role in the economy due to economic conditions.doi:10.1016/s2212-5671(15)01533-6 fatcat:3to4wbbwmzfhhe76ufbmhbiofe