Metin Tetik

Uşak Üniversitesi

In this study, we aimed to predict the monetary policy stance by creating a new monetary policy stance index for Turkey between 2006 and 2019. We analyzed the connection between the monetary policy stance index we created and the economic situation separately for the entire period (2006m01-2019m10) and for the periods when the CBRT used traditional...

This study investigates the interaction between fiscal and monetary policies and how crises affect the coordination between policymakers in Turkey. This study’s novelty is that a nonlinear Taylor rule indicating monetary policy response function is estimated based on the Threshold Generalized Method of Moments (Threshold GMM) methodology over the p...

This study aims to investigate the types of bargaining behaviour students have and the variables that affect these bargaining behaviours by designing an ultimatum bargaining game in the classroom environment (during the real exam). The experimental group consists of 202 students who took the spring term economics final exam. The strategic interacti...

This study aims to investigate the structure of the leader-follower mechanism between policy decisions of central banks of emerging countries (Indonesia, Israel, South Korea, Thailand, and Turkey, henceforth ECCB) and Fed policy decisions. To determine whether a systematic leader-follower relationship between the ECCB and the Fed exists, policy dec...

Emerging markets are more exposed to risk than developed markets. Therefore, they require risk management using futures market instruments. This study aims to determine the hedging effectiveness of the spot index market risks in the stock index futures market in Brazil, Russia, India, South Africa, and Turkey. Measuring the hedging effectiveness le...

In Turkey, monetary policy responds to cost shocks rather than the inflation gap and output gap. To clarify this policy, we estimate the linear and non-linear Taylor rule using the Threshold GMM for 2006:01-2020:07. The linear model estimates that the policy rate responds significantly to the inflation gap and the real effective exchange rate. The...

Bu çalışmanın iki temel amacı vardır. Birincisi, 2006:1-2020:3 döneminde Türkiye için bir mali duruş endeksi hesaplamak ve böylece maliye politikasının örneklem dönemindeki tutumunu ortaya koymaktır. İkincisi, mali duruş endeksinden hareketle, bir maliye politikası tepki fonksiyonu tahmin etmektir. Sıralı probit modelini kullanarak elde edilen bulg...

This study is based on examining the interaction between the interest rates set by commercial banks and the central bank policy rate. In this framework, it is analyzed whether bank interest rates follow the policy decisions of central banks for selected European countries (Bulgaria, Czechia, Denmark, Hungary, Romania, and Turkey). The research hypo...

This study examines how the volatility of the sectoral stock returns within Borsa İstanbul are affected during the COVID-19 pandemic. The analysis uses daily stock return data for four main sector indices: services, finance, industry, and technology. The sample period of the study covers 03.03.2015–11.03.2021, and 12.03.2020-03.04.2021 is separatel...

The problem of coordination between policymakers seems to have created fundamental problems related to economic and social costs, targeted inflation, potential growth, and a high budget deficit. To resolve these problems in this framework, it is important to see the results of the interaction between policymakers and to propose an optimal policy st...

Para politikası genel anlamda; ekonomik büyüme, istihdam artışı ve fiyat is-tikrarı gibi hedeflere ulaşabilmek amacıyla paranın elde edilebilirliğini ve mali-yetini etkilemeye yönelik olarak alınan kararlar bütünü olarak ifade edilmekte-dir4. Aynı zamanda para politikası; paranın miktarına, maliyetine ve firmalar ile hane halklarının beklentilerine...

This study investigates the interaction between fiscal and monetary policies and how crises affect the coordination between policymakers in Turkey. This study’s novelty is that a nonlinear Taylor rule indicating monetary policy response function is estimated based on the Threshold Generalized Method of Moments (Threshold GMM) methodology over the p...

Interactions between the monetary and fiscal policy are analyzed in a game-theoretical framework on the base of the new-Keynesian model. The interactions between policymakers are modeled by using a dynamic stochastic equilibrium model (DSGE) for a small-scale open economy. From this point of view, the interactions between policymakers are evaluated...

Cooperative/non-cooperative behavior of individuals is one of the factors affecting the welfare of society. The prisoner's dilemma is a strategic game that demonstrates the common problem of cooperation in many areas of economic and social life. The basis of the problem of cooperation in this game is that the players in the game follow a worse equi...

This study examines the effects of the 2008 financial crisis on the betas of four sectors in Borsa Istanbul (BIST) separately as pre-crisis, crisis, and post-crisis period. Systematic risks (betas) of these four sectors are calculated through the CAPM model with the dummy variable, which includes crisis information exogenously. Afterward, CAPM was...

Bu çalışma, 2008 finansal krizinin Borsa İstanbul (BIST)’da bulunan dört sektörün betaları üzerindeki etkilerini kriz öncesi, kriz ve kriz sonrası dönem olarak ayrı ayrı incelemektedir. Kriz bilgisini modele dışsal olarak dahil eden Kukla değişkenli CAPM aracılığı ile bu dört sektörün sistematik riskleri (betaları) hesaplanmıştır. Daha sonra CAPM,...

Bu çalışma Federal Rezerv Bankası(FED) ve Türkiye Cumhuriyet Merkez Bankası(TCMB) politika kararları arasında stratejik bir etkileşim durumunu inceleme üzerine kurulmuştur. Bu çerçevede, çalışma TCMB’ nin uyguladığı politikaların, FED’ in politika kararlarından etkilenip etkilenmediğini oyun teorik bir lider-takipçi ilişkisi üzerinden analiz etmekt...

The aim of this study is to determine whether the stock indices of some developed and developing countries react similarly to the price movements in the Dow Jones Industrial Average (DJIA). In this study, the impact of DJIA on other indices during the 2008 global financial crisis, was explored by using the Vector Error Correction Model. The data us...

With this paper the author forecasts the out-of-sample volatility of gold price changes in Turkey. Looking at the both the symmetric and the asymmetric evaluation criteria, GJR-GARCH model is the best fitted model for forecasting gold price volatility in Turkey. The GJR-GARCH model findings reveal a negative shock asymmetry for gold prices. Thus, i...

In this study, we present about the interaction between monetary and fiscal policy makers in the Turkish economy since the 2001 crisis. This interaction is evaluated by a theoretical perspective of the game. The data show that there is a conflict between the monetary and fiscal policy makers in the Turkish economy, especially in some periods. The c...

In this study, we present about the interaction between monetary and fiscal policy makers in the Turkish economy since the 2001 crisis. This interaction is evaluated by a theoretical perspective of the game. The data show that there is a conflict between the monetary and fiscal policy makers in the Turkish economy, especially in some periods. The c...

p class="ber-body"> The aim of this study is to investigate whether or not there are any over-reactions to the positive and negative events of the Borsa Istanbul 100 index (BIST-100) in relation to the Dow Jones Industrial index (DJIA). The daily stock indexes between January 2010 and June 2016 are used in this research. The research finding showed...

Interaction between monetary and fiscal policies plays an important role in ensuring macroeconomic stability. This study aims to examine the interaction between monetary and fiscal policy with key data on macroeconomic variables in Turkey. The interaction between the policies has been analyzed by Structural VAR (SVAR) technique, which is also widel...

With the globalization, monetary policies implemented by countries are known to be affected from each other. In this context, in the belief that monetary policy strategy of the CBRT(Central Bank of the Republic of Turkish) consider FED(Fedaral Reserve)' s policy is thought to be known by market participants. However, CBRT is really decision is affe...

Prisoner's dilemma game is the subject of many studies in disciplines such as economics,management and marketing. The importance of the prisoners dilemma game is a strategic game that illustrates the problem of cooperation which is widely encountered in many areas of economic and social life rather than academic research. The basis of the problem i...

This study is found to find out how interest rate corridor strategy, which is new policy tool implemented by Central Bank of Turkey in 2011, affects financial investment tools, common stocks and Exchange rates. The study separates the time into two periods, the period before interest rate corridor strategy and the period after implementation of int...

The study aims to explore 1) to understand how low inflation and interest rates affect to Turkish banking system's income. 2) to find out whether low profit margins of banking, said that contraction in public because of low inflation and low interest rate, compensated by commission income. Data set of the study consists 46 quarterly between 2002:1...

This study analyzes how the changes in expected monetary policy decisions affect the price of financial instruments and the relationships among financial instruments. The study employed a structural vector auto regressive (SVAR) model to investigate the relationship between expected monetary policy shocks and financial instruments in the framework...

This study analyzes how the changes in expected monetary policy decisions affect the price of financial instruments and the relationships among financial instruments. The study employed a structural vector auto regressive (SVAR) model to investigate the relationship between expected monetary policy shocks and financial instruments in the framework...

Forecasting of gold price volatility, exchange rates and the provision of other stock price volatility in the literature has not seen much interest from researchers threads. Whereas gold by market players, ie during periods of extreme market is seen as a safe haven is printed, a surge in risk aversion for the player in this field and thus attract g...