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https://hdl.handle.net/20.500.11851/7231
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Taş, Bedri Kamil Onur | - |
dc.contributor.author | Togay, Selahattin | - |
dc.date.accessioned | 2021-09-11T15:56:03Z | - |
dc.date.available | 2021-09-11T15:56:03Z | - |
dc.date.issued | 2010 | en_US |
dc.identifier.issn | 0264-9993 | - |
dc.identifier.issn | 1873-6122 | - |
dc.identifier.uri | https://doi.org/10.1016/j.econmod.2010.01.001 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.11851/7231 | - |
dc.description.abstract | This paper theoretically investigates optimal monetary policy regime for oil producing developing countries. We analyze credibility and reputation of the Central Bank and macroeconomic dynamics under alternative monetary policy regimes. We construct a detailed and realistic model that can be used to analyze macroecomic structure and expectation dynamics of an oil producing open economy. We take into account the asymmetric information between the public and the central bank and theoretically investigate how this asymmetric information impacts the real economy and the credibility of the central bank. The simulation results indicate that central bank achieves higher credibility and lower inflation under dollarization and higher output levels under currency board regime. The model constructed in this paper has many policy implications for oil producing open economies. Using the implications of the model, we make monetary policy regime recommendations for post-war Iraq. (C) 2010 Elsevier B.V. All rights reserved. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier | en_US |
dc.relation.ispartof | Economic Modelling | en_US |
dc.rights | info:eu-repo/semantics/closedAccess | en_US |
dc.subject | Credibility | en_US |
dc.subject | Partial information | en_US |
dc.subject | Kalman filter | en_US |
dc.subject | Monetary policy | en_US |
dc.title | Optimal Monetary Policy Regime for Oil Producing Developing Economies: Implications for Post-War Iraq | en_US |
dc.type | Article | en_US |
dc.department | Faculties, Faculty of Economics and Administrative Sciences, Department of Economics | en_US |
dc.department | Fakülteler, İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümü | tr_TR |
dc.identifier.volume | 27 | en_US |
dc.identifier.issue | 5 | en_US |
dc.identifier.startpage | 1324 | en_US |
dc.identifier.endpage | 1336 | en_US |
dc.authorid | 0000-0001-5418-777X | - |
dc.identifier.wos | WOS:000281106500047 | en_US |
dc.identifier.scopus | 2-s2.0-77955050276 | en_US |
dc.institutionauthor | Taş, Bedri Kamil Onur | - |
dc.identifier.doi | 10.1016/j.econmod.2010.01.001 | - |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.identifier.scopusquality | Q2 | - |
item.openairetype | Article | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.fulltext | No Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | 04.01. Department of Economics | - |
Appears in Collections: | İktisat Bölümü / Department of Economics Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection |
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