The purpose of the study is to measure the effects of changes in exchange rates and interest rates on inflation and to determine which of the exchange rates or interest rates has a greater impact on inflation rate following the July 15, 2016 coup attempt in Turkey. Our expectation is that similar to most authors is to find that there is a long-term relationship between the inflation rates and both the exchange rate and interest rates and that the effect of the exchange rate on the Producer Price Index (PPI) is greater than that of the interest rates. Moreover, we expect to find a unidirectional causality relationship between the Interest Rate of Commercial Banks Credit (IRBC), Over Night Interest Rate (O/N) and United States Dollar (USD) and the PPI, but not between the IRBC, O/N, USD and the Consumer Price Index (CPI).

中文翻译：

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汇率、利率与通货膨胀的关系：以土耳其为例

该研究的目的是衡量汇率和利率变化对通货膨胀的影响，并确定在 2016 年 7 月 15 日土耳其未遂政变之后，哪个汇率或利率对通货膨胀率的影响更大。我们的预期是，与大多数作者类似，发现通货膨胀率与汇率和利率之间存在长期关系，并且汇率对生产者价格指数（PPI）的影响大于利率。此外，我们希望在商业银行信贷利率 (IRBC)、隔夜利率 (O/N) 和美元 (USD) 与 PPI 之间找到单向因果关系，但在 IRBC、O/ N、美元和消费者物价指数 (CPI)。