The Effect of Monetary Policy on House Prices in the Turkey

被引：0
|
作者：
Bayir, Musa [1 ]
机构：
[1] Bandirma Onyedi Eylul Univ, Iktisat Bolumu, IIBF, Bandirma, Turkey
来源：
ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES | 2019年 / 14卷 / 03期
关键词：
House Prices; Monetary Policy; Structural VAR; TRANSMISSION MECHANISM; INFLATION; MARKET; SVAR;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The aim of the study is to empirically investigate the relationship between monetary policies and house prices in Turkey's economy. The Structural VAR analysis is preferred as the method of empirical analysis. The variables used in the study are federal funding rate, industrial production index, building use permit, real house prices and overnight interest rate. The analysis includes the periods between 2011:1 and 2017:12 and monthly data is used. The results of the analysis indicate that monetary policy has no effect on house prices. In the same period, the house prices only reacted to the lagged values of the house prices, significantly.
引用
收藏
页码：657 / 674
页数：18
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