Türkiye'de İnşaat Sektörü ve Para Politikaları Arasındaki Nedensellik İlişkileri

İnşaat sektörü çıktısının parasal değişkenlere verdiği tepkinin anlaşılması, para politikası yapıcıları için önemlidir. Bu çalışmada Türkiye’deki özel inşaat çıktısı ile para politikası arasındaki nedensellik ilişkileri Granger nedensellik yaklaşımı ile analiz edilmiştir. Elde edilen bulgular özel inşaat çıktısı ile para politikası göstergeleri arasında iki yönlü bir nedensellik ilişkisini göstermektedir. Ayrıca inşaat ve konut kredileri davranışını açıklamaya katkı sağlayabilecek bulgular elde edilmiştir.

Causality Relations Between Construction Sector and Monetary Policies in Turkey

For monetary policy makers, understanding the reaction of construction output to monetary variables is important. The present study analyzes the causal relations between the private construction flow and monetary policy in Turkey using Granger causality approach. The findings indicate a two-way causality relationship between construction flows and monetary policy indicators. Moreover, the findings that may contribute to explaining the behavior of construction and house credit are obtained.

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