Akay, Hülya Kanalici; Nargelecekenler, Mehmet - In: Journal of Economic Studies 34 (2007) November, pp. 389-400
Purpose – The purpose of this paper is to analyze the time-inconsistency problem between inflation and unemployment rate series for Turkey. Design/methodology/approach – The validity of the Barro-Gordon model's implications is tested by using state-space form and a Kalman filter. In order to...