Akmyrat Amanov

The power and interaction process of the effects of decisions on monetary policy on economic indicators remains uncertain. The asset price channel explains dynamic interactions of monetary policy. In this study, the effectiveness of asset price channel in Turkey's economy for a sample period of 2003Q1-2017Q4 was examined. The ARDL modeling and bounds testing is used to show long-run relationships between variables. According to the findings; there is a long-run equilibrium relationship between the stock prices and the investment expenditures, while there is no long-run relationship between the stock prices and consumption expenditures. To conclude, stock prices have a predictable effect on the investment expenditures, and stock prices may be a good indicator of economic activities.

Price stability is one of the main objectives of policy authorities for the health of the economy. The course of transportation services prices after the change in energy prices is a matter of concern for economists. In this study, the relationship between energy costs and transport service prices in Turkey's economy for a sample period of 2003M01-2019M03 is examined. The Johansen cointegration test is used to show long-run relationships between variables. According to findings; there is a one-way causality relationship from energy prices to the price of transport service as expected. It is seen thata 1% increase in energy prices leads to a 4.65% increase in transportation services prices.

The power and interaction process of the effects of decisions on monetary policy on economic indicators remains uncertain. The asset price channel explains dynamic interactions of monetary policy. In this study, the effectiveness of asset price channel in Turkey's economy for a sample period of 2003Q1-2017Q4 was examined. The ARDL modeling and bounds testing is used to show long-run relationships between variables. According to the findings; there is a long-run equilibrium relationship between the stock prices and the investment expenditures, while there is no long-run relationship between the stock prices and consumption expenditures. To conclude, stock prices have a predictable effect on the investment expenditures, and stock prices may be a good indicator of economic activities.

This paper studies the monetary transmission mechanism using disaggregated industry data from five industrialized countries. Our goal is to document the cross-industry heterogeneity of monetary policy effects and relate it to industry characteristics suggested by monetary transmission theories. Sizable and significant cross-industry differences in the effects of monetary policy are found. Such differences swamp the hardly detectable cross-country variability. Sectoral output responses to monetary policy shocks are systematically related to the industry output durability, financing requirements, borrowing capacity and firm size. These findings are consistent with a quantitatively non-negligible role of financial frictions in the monetary transmission.

... Dosya Biçimi: PDF. Dil: İngilizce. Konu(lar): Finans,. Yazar(lar): Tüysüzoğlu, Sinem (Yazar),. Emeği Geçen(ler): Yazgan, Ege (Tez Danışmanı),. URL: http://acikerisim.bilgi.edu.tr/browse/79884/. Diğer Niteleme Bilgileri: http://acikerisim.bilgi.edu.tr/browse/79884/423991.pdf. ...