TÜFE’ye Endeksli Tahviller ile Uzun Dönemli Enflasyon Öngörüsü
Türkiye'de, TÜFE (Tüketici Fiyat Endeksi)'ye endeksli tahviller 2007 Şubat ayında ihraç edilmeye başlanmıştır. İhraç amacı, enflasyon seviyesi ne olursa olsun reel getiri sağlamak olan tahviller aynı zamanda, piyasanın gelecek enflasyon beklentileri hakkında gösterge niteliğindedir. Bu makalenin amacı, 30.09.2011 tarihli www.imkb.gov.tr tahvil bono verim eğrisi ve www.tuik.gov.tr Tüketici Fiyat Endeks verisi kullanılarak, piyasa yapıcılarının ve yatırımcılarının nominal fiyatlara yansımış olan örtük enflasyon beklentilerini yapılan hesaplamalar ile öngörebilmektir
The Estimation For Treasury Inflation-Protected Securities and Long-Term Inflation
In Turkey, TIPS (Treasury Inflation-Protected Securities) started to be issued in February 2007. The purpose of issuance, TIPS providing real return whatever the level of inflation are at the same time the benchmark about the future inflation expectations. In this paper, implicit inflation expectations, which is reflected in nominal prices, of market makers and investors are being able to predict with calculation made by employing CPI (Consumer Price Index) (www.tuik.gov.tr) and yield curve (www.imkb.gov.tr) data dated 30.09.2011
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- ISSN: 1300-0217
- Başlangıç: 1990
- Yayıncı: Türkiye Bankalar Birliği