Simultaneous monetary policies in the context of the trilemma : evidence from the Central Bank of Turkey

Borradores de Economia
Número: 
893
DOI: 
http://doi.org/10.32468/be.893
Publicado: 
Clasificación JEL: 
E43, E52, E58, F31
Palabras clave: 
Central bank intervention, Simultaneous policies, Monetary shocks, Price puzzle
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Many central banks that have opted for monetary autonomy have also been reluctant to relinquish control over the value of their currencies. As a result, they have operated through both interest rate and foreign exchange interventions. However, in the cont