RELATIONSHIP BETWEEN EXCHANGE RATE AND INFLATION IN TURKEY: AN ECONEMETR？C ANALYSIS (2003:1–2017:3)

In this study, the relationship among the exchange rates, and inflation in Turkey is examined with time series analysis by using quarterly period data of 2003:Q1–2017:Q3. In this study, it is obtained Impulse-Response Functions, Variance Decomposition and analysis of Granger Casuality test by using VAR analysis. Acording to the results that is derived from Granger Casuality analysis, while it is found one way causality relation from real effective exchange rate to inflation,