Bu çalışmada, 1975-2006 yılları arasında geçen 32 yıllık dönemde özel tasarruf davranışlarını belirleyen makroekonomik ve sosyal değişkenler yardımıyla Türkiye için bir özel tasarruf modeli tahmin edilmiştir. Tahmin sonuçları özel tasarrufları belirleyen en önemli...

The poor performance of sticky-price models with rational expectations in explaining the inflationary inertia in the US economy constitutes the basis for sticky-price models of nearrational expectations in the recent literature. However, previous studies on inflationary inertia in Turkey not...

The differing dynamics of the inflations of the services and goods sectors has been of major concern in Turkey. The persistence of the services sector inflation during disinflation periods hampered the efforts of the Central Bank of Turkey of hitting inflation targets in a country with...

We analyze the implications of the time inconsistency problem for the Turkish monetary policy in the last two decades. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we show that the time inconsistency problem can explain...