Özer, Mustafa; Grubišić, Zoran; Küçüksakarya, Sevilay - In: Journal of Central Banking Theory and Practice 12 (2023) 1, pp. 5-26
inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …