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purpose, based on some potential causes of inflation, an empirical model is contructed upon emphasizing the roles of various … factors on inflationary process. The results obtained support the view of cost-push inflation led by exchange rate … the inflation structure. These all might also be given as evidence to that the cost-push rather than demand-pull factors …
Persistent link: https://www.econbiz.de/10010322115
purpose, based on some potential causes of inflation, an empirical model is contructed upon emphasizing the roles of various … factors on inflationary process. The results obtained support the view of cost-push inflation led by exchange rate … the inflation structure. These all might also be given as evidence to that the cost-push rather than demand-pull factors …
Persistent link: https://www.econbiz.de/10011528368
, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010513258
, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …
Persistent link: https://www.econbiz.de/10010517439
In this study, the causal relationships between inflation, output growth and uncertainty have been re-examined for the … period with monthly data, the mutual Granger causality between inflation and inflation uncertainty cannot be rejected in a … the output growth uncertainty. Some evidence have also been obtained in favor of that an increase in inflation uncertainty …
Persistent link: https://www.econbiz.de/10008621714
In this paper, we investigate whether the currency substitution can affect the exchange rate uncertainty for the Turkish economy. Considering the whole time period 1987M01-2006M12 as well as thesub-periods 1987M01-1999M12 and 2001M03-2006M12 for sensitivity analysis, our estimation results...
Persistent link: https://www.econbiz.de/10008623473
In this paper, the preceding / causal relationships between inflation and inflation uncertainty have been tried to be … inflationary shocks are associated with statistically significant and quantitatively larger levels of inflation uncertainty than … are negative shocks. Our estimation results indicate that inflation in fact leads to inflation uncertainty in line with …
Persistent link: https://www.econbiz.de/10009147699
purpose we try to extract the knowledge of cyclical correlations between real income and prices/inflation considering 1998 … estimation results indicate that both deflator based price level and inflation have a counter-cyclical relationship with real … relationship between the cyclical components of price level/inflation and real income, we apply to the generalized impulse response …
Persistent link: https://www.econbiz.de/10008836735
recession cycles for the inflation targeting (IT) period in Turkey, from 2002:M1 to 2012:M10, by using a co-integrating non …-run relationship between nominal exchange rate and domestic inflation rate. According to alternative calculations of depreciation and …
Persistent link: https://www.econbiz.de/10010894810
In economic literature, the idea that inflation increases inflation uncertainty, starting by Okun (1971) and later … between both variables. The aim of this study is to investigate the causal relationship between inflation and inflation … uncertainty and compare the causal relationship for high and low inflation periods in Turkish Economy. The data used in the study …
Persistent link: https://www.econbiz.de/10011269902