{"id":5182,"date":"2020-10-20T23:23:15","date_gmt":"2020-10-20T20:23:15","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=5182"},"modified":"2020-10-27T02:22:48","modified_gmt":"2020-10-26T23:22:48","slug":"the-role-of-share-prices-on-monetary-policy-the-case-of-oecd-countries","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/the-role-of-share-prices-on-monetary-policy-the-case-of-oecd-countries","title":{"rendered":"Hisse Senedi Fiyatlar\u0131n\u0131n Para Politikas\u0131ndaki Rol\u00fc: OECD \u00dclkeleri \u00d6rne\u011fi"},"content":{"rendered":"<p><\/p>\n<table style=\"font-family: Arial, serif; text-align: justify;\" width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">Makale Bilgileri<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"169\">\n<table border=\"0\" width=\"100%\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Dergi:<\/td>\n<td>Business and Economics Research Journal<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\n<td>Hisse Senedi Fiyatlar\u0131n\u0131n Para Politikas\u0131ndaki Rol\u00fc: OECD \u00dclkeleri \u00d6rne\u011fi<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Yazar(lar):<\/td>\n<td>G\u00fcl\u00e7in Tap\u015f\u0131n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Cilt:<\/td>\n<td>11<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Say\u0131:<\/td>\n<td>4<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Y\u0131l:<\/td>\n<td>2020<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Sayfa:<\/td>\n<td>953-968<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">ISSN:<\/td>\n<td>2619-9491<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">DOI Numaras\u0131:<\/td>\n<td>10.20409\/berj.2020.292<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">\u00d6z<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">Varl\u0131k fiyatlar\u0131nda 2000\u2019li y\u0131llar boyunca h\u0131zl\u0131 b\u00fcy\u00fcmeye e\u015flik eden canlanma ve global mali kriz sonucunda ortaya \u00e7\u0131kan daralma, varl\u0131k fiyatlar\u0131n\u0131n makroekonomik dalgalanmalar ve dolay\u0131s\u0131yla para politikas\u0131 \u00fczerinde oynayabilece\u011fi role olan ilginin artmas\u0131na neden olmu\u015ftur. \u0130lgili literat\u00fcrde, para politikas\u0131n\u0131n varl\u0131k fiyatlar\u0131na verdi\u011fi cevab\u0131 analiz eden \u00e7al\u0131\u015fmalar\u0131n end\u00fcstrile\u015fmi\u015f \u00fclkelerin politika kurallar\u0131na yo\u011funla\u015ft\u0131\u011f\u0131 g\u00f6r\u00fclmektedir. Bununla birlikte, d\u00fcnyadaki son mali krizlerin bir\u00e7o\u011fu, uluslararas\u0131 sermaye ak\u0131mlar\u0131na a\u00e7\u0131k, geli\u015fmekte olan ekonomilerde meydana gelmi\u015ftir. Bu makalenin odak noktas\u0131, geli\u015fmi\u015f ve geli\u015fmekte olan \u00fclkeler ayr\u0131m\u0131nda para politikas\u0131n\u0131n hisse senedi fiyat hareketlerine tepkisini analiz etmektir. \u00c7al\u0131\u015fma kapsam\u0131nda, hisse senedi fiyat de\u011fi\u015fimlerinin ve piyasa kapitalizasyonu ile etkile\u015fiminin k\u0131sa vadeli faiz oranlar\u0131 \u00fczerindeki etkisi, OECD \u00fclkeleri \u00e7er\u00e7evesinde, 2000-2019 y\u0131llar\u0131 i\u00e7in Sistem-GMM y\u00f6ntemi kullan\u0131larak ara\u015ft\u0131r\u0131lm\u0131\u015ft\u0131r. Sonu\u00e7lar, piyasa kapitalizasyonunun y\u00fcksek oldu\u011fu geli\u015fmi\u015f \u00fclkelerde, hisse senedi fiyatlar\u0131n\u0131n k\u0131sa vadeli faiz oran\u0131 \u00fczerindeki etkisinin, piyasa kapitalizasyonunun g\u00f6receli d\u00fc\u015f\u00fck oldu\u011fu geli\u015fmekte olan \u00fclkelerde, hisse senedi fiyatlar\u0131n\u0131n k\u0131sa vadeli faiz oran\u0131 \u00fczerindeki etkisinden y\u00fcksek oldu\u011funu ortaya koymu\u015ftur. \u00c7al\u0131\u015fma ayn\u0131 zamanda, enflasyon a\u00e7\u0131\u011f\u0131n\u0131n k\u0131sa vadeli faiz oran\u0131 \u00fczerindeki etkisinin pozitif ve anlaml\u0131 oldu\u011funu, i\u015fsizli\u011fin ise k\u0131sa vadeli faiz oran\u0131 \u00fczerinde negatif ve anlaml\u0131 bir etkiye sahip oldu\u011funu g\u00f6stermi\u015ftir.<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"22\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Anahtar Kelimeler:<\/td>\n<td>Hisse Senedi Fiyatlar\u0131, Para politikas\u0131, Enflasyon A\u00e7\u0131\u011f\u0131, GMM Modeli<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" width=\"120\">JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\n<td>C22, E32, E52, E31, E01<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=709\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 2484)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table>Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 2484)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5182\" class=\"pvc_stats all  \" data-element-id=\"5182\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Hisse Senedi Fiyatlar\u0131n\u0131n Para Politikas\u0131ndaki Rol\u00fc: OECD \u00dclkeleri \u00d6rne\u011fi Yazar(lar): G\u00fcl\u00e7in Tap\u015f\u0131n Cilt: 11 Say\u0131: 4 Y\u0131l: 2020 Sayfa: 953-968 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2020.292 \u00d6z Varl\u0131k fiyatlar\u0131nda 2000\u2019li y\u0131llar boyunca h\u0131zl\u0131 b\u00fcy\u00fcmeye e\u015flik eden canlanma ve global mali kriz sonucunda ortaya \u00e7\u0131kan daralma, varl\u0131k [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_5182\" class=\"pvc_stats all  \" data-element-id=\"5182\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path 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class=\"pvc_clear\"><\/div>\n","protected":false},"author":4638,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,7],"tags":[],"class_list":["post-5182","post","type-post","status-publish","format-standard","hentry","category-makale","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":142,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/4638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=5182"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/5182\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=5182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=5182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=5182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}