Yazgan, M. Ege; Yilmazkuday, Hakan - Department of Economics, Florida International University - 2015
This paper investigates the relationship between the level of inflation and regional price-level convergence utilizing … micro-level price data from Turkey during two clearly distinguishable periods of high and low inflation. The results … indicate that higher persistence and slower convergence of price levels are evident during the low-inflation period, which …