Aysoy, Cem; Aysoy, Cevriye; Tumen, Semih - Türkiye Cumhuriyet Merkez Bankası - 2014
Using a national panel of housing units, this paper documents that the rate of nominal rigidities in housing rents is … high in Turkey between 2008 and 2011. We find that, on average, 31.5 percent of the rents did not change from year to year … show that 35.4 percent of the nonturnover units had rigid rents, while for only 17.1 percent of the turnover units rents …