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Open access Sep 2026

Regime-Dependent Monetary Policy Responses and Welfare Losses Under Growth Volatility: A Regime-Switching MS-VAR Analysis for Türkiye

This study investigates whether monetary policy responses in Türkiye differ across growth volatility regimes and examines the implications for welfare-related macroeconomic stability losses. The analysis uses quarterly data from the first quarter of 2002 to the fourth quarter of 2024 and employs a reduced-form Markov-S...

D. Yücel · 0 citations

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