Andic, Selen Baser; Kucuk, Hande; Ogunc, Fethi - Türkiye Cumhuriyet Merkez Bankası - 2014
We provide Bayesian estimates of an empirical model of consumer price inflation for Turkey based on the hybrid New … real marginal costs does a better job in explaining consumer price inflation compared to alternative models which … incorporate real unit labor costs. On the other hand, estimations for services inflation point to the importance of real unit …