, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … 1999-2019, when the Federal Funds Rate and the Euro-Dollar exchange rate are added to the VAR model inflation shows … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of …

following the exchange rate shock in 2018 provides an interesting period to analyze whether the sensitivity of inflation to its …In this paper, we analyze the role of inflation expectations in inflation dynamics. The hike in inflation in Turkey … model to focus on the changes in inflation dynamics. We also jointly study the formation of inflation expectations to …