Exchange Rate Pass-Through in Turkey: An Empiricial Investigation

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2004

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Pekbaş, Melek Özgür

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This study investigates the degree of exchange rate pass-through to prices in different sectors for Turkish economy using Johansen Cointegration procedure. The study is based on quarterly data from 1994:1 to 2003:4. In this study it is concluded that the long-run exchange rate pass-through to overall wholesale prices for Turkey is very high and nearly complete. High pass-through degrees are also valid for different sub-sectors wholesale prices like private, public, manufacturing industry and energy. Moreover, it is detected that the prices set by public sector have higher exchange rate pass-through but longer adjustment period as compared to private sector prices.

Subject Keywords

Business cycles.

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http://etd.lib.metu.edu.tr/upload/3/12605795/index.pdf
https://hdl.handle.net/11511/14935

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Graduate School of Social Sciences, Thesis

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Citation Formats

M. Ö. Pekbaş, “Exchange Rate Pass-Through in Turkey: An Empiricial Investigation,” M.S. - Master of Science, Middle East Technical University, 2004.