Aysoy, Cem; Aysoy, Cevriye; Tumen, Semih - In: Journal of Housing Economics 25 (2014) C, pp. 62-74
Using a national panel of housing units, this paper documents that the rate of nominal rigidity in housing rents is high in Turkey between 2008 and 2011. We find that, on average, 31.5% of the rents did not change from year to year in nominal terms. We then ask if the incidence of nominal...