Table 2 Variables
Variables | Symbol | Description | Expected Relationship | Sources |
|---|---|---|---|---|
Domestic Food Prices* | FOOD | Domestic Food Prices | N/A | CBRT (2021) |
Economic Policy Uncertainty | UNCERT | US Economic Policy Uncertainty Index | + | Bloomberg (2021) |
Volatility Index | VIX | CBOE Volatility Index | + | Bloomberg (2021) |
Oil Price | OIL | Brent Crude Oil Price (USD per Barrel) | + | Bloomberg (2021) |
Fertilizer Price | FERTILIZER | Fertilizer Price Index | + | WB (2021) |
Raw Material Price | RAW | Raw Material Price Index | + | WB (2021) |
Temperature | TEMPERATURE | Global Temperature Change | + | Berkeley (2021) |
FX Rate | USD/TRY | USD/TRY FX Rates | + | Bloomberg (2021) |
Interest Rate | INTEREST | TRY Denominated Credit Interest Rates | + | CBRT (2021) |
Country Risk | CDS | Turkey 5-Year USD CDS Spreads | + | Bloomberg (2021) |