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In early 2020, the Bank for International Settlements (BIS) Representative Office for the Americas contacted a group of nine central banks that includes the members of the Consultative Council of the Americas (CCA) except the US Federal Reserve (Argentina, Brazil, Canada, Chile, Colombia,...
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Turkey, as an emerging economy, has a unique experience regarding to the relationship between the rate of inflation and … inflation dynamics and these fluctuations also influence many other macroeconomic variables via different channels with … pass-through (ERPT), has an important role in the success of inflation targeting regime. Using correlation coefficients …
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pass-through. Nevertheless, the impact of exchange rate on inflation, especially in the traded good is still notable …
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In this paper, we revisit the unsettled discussion of whether retail fuel oil prices respond asymmetrically to oil price shocks. Using a novel micro approach that considers each price spell separately; we find evidence of pass-through asymmetry in the fuel oil market in Turkey. With our approach...
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