Simultaneous monetary policies in the context of the trilemma : evidence from the Central Bank of Turkey

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Borradores de Economía; No. 893
Date published
2015-07-03
Date of last update
2015-07-03
Author
Kursat-Onder, Yasin
Villamizar-Villegas, Mauricio
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Many central banks that have opted for monetary autonomy have also been reluctant to relinquish control over the value of their currencies. As a result, they have operated through both interest rate and foreign exchange interventions. However, in the cont
JEL Codes
E58 - Central Banks and Their PoliciesE43 - Interest Rates: Determination, Term Structure, and EffectsE52 - Monetary PolicyF31 - Foreign Exchange
Keywords
Central bank intervention ; Simultaneous policies ; Monetary shocks ; Price puzzle ; Monetary policy trilemma ; Foreign exchange intervention ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/6182
https://hdl.handle.net/20.500.12134/6182
https://doi.org/10.32468/be.893
https://ideas.repec.org/p/bdr/borrec/893.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit