Enflasyon-Faiz İlişkisi: Bir Ardl/Sınır Testi Uygulaması
Inflation-Interest Relative ARDL / Bounds Test Application

Summary/Abstract: In this study, the existence of a long-run relationship between inflation and interest rate was analyzed using the ARDL bounds test approach using Turkey's 2003: 01-2017: 01 period monthly data. As a result of the analysis, there was a cointegration relation between the series. Inflation in the period examined in Turkey affects the interest rate significantly in positive direction and statistically. As a result of the analysis, a 1% increase in the inflation rate increases the interest rate by 0.48%. This suggests that inflation increases in interest rates in Turkey. In addition, the Toda Yamamoto causality test was conducted to test the causality relationship between variables in the study. According to the test result, there is a causality relation from the inflation to the interest.

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