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We provide Bayesian estimates of an empirical model of consumer price inflation for Turkey based on the hybrid New …
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This study analyzes core inflation concept for Turkey from the perspective of design and evaluation. To our best … knowledge, this is the first study to evaluate the performance of the core inflation measures for Turkey. We first define and …. Considering the significant shift in the inflation process in Turkey, we split the sample into two as pre- and post-2003 when …
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This paper studies welfare gains from disinflation in the presence of currency substitution. A distinctive small open economy model with currency substitution and intermediated working capital is constructed for this objective. It is found that welfare gains from disinflation are higher when the...
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