In our paper, the cyclical properties between real income and inflation in the Turkish economy have been tried to be examined by use of some contemporaneous filtering techniques. Our findings considering 1987Q1-2007Q2 investigation period reveal that the cyclical real income component has a...

In this study, an output gap measure is derived for the Turkish economy using an estimated New Keynesian model. Considering the ongoing structural transformation during the last decade, the model is estimated for 2002-2010 period using Bayesian techniques. The results indicate that output, which...

The sources of inflation are explained by different theoretical approaches in the framework of these theories and their basic assumptions. For this reason, prescriptions presented to reduce inflation are shaped according to the basic assumptions of theories. Naturally, the reasons for the...

The relationships between inflation and its uncertainty have long been perceived in the economics literature as a special research area based mainly on empirical findings. Testing the causality between these aggregates enables us to attain the significant knowledgement of whether or not...

In this paper the causality relationships between the inflationary process, experienced by the Turkish economy, and some main money supply measures have been tried to be investigated, and the direction of these relationships has also been aimed to be determined through the vector autoregression...

The relationship between crude oil import economic growth of Turkey is the main concern of this paper. Economic growth performance of Turkey depends on imported capital goods as well as oil. Oil price increases bring a heavy burden for Turkish economy since Turkey is an oil-importing developing...

This paper considers the forecast accuracies of VAR and ARIMA models. The paper, hence, employs monthly Turkish CPI, Exchange Rate and Interest rate variables for the period 1994:1-200:07, and, observes the ex-post forecast values of the relevant variables. To this end, paper first determines...

Enflasyon hedeflemesi popülaritesi giderek artan bir para politikasý rejimidir. Enflasyon hedeflemesinin popülaritesinin giderek artmasýnýn nedeni, makroekonomik performansý olumlu etkilediðine inanýlmasýdýr. Bu çalýþmada bu görüþün geçerliliði geliþmekte olan ülkeler...