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 …

Many economic time series, specifically inflation, are inherently subject to seasonal fluctuations which obscure the … frequencies. From this observation and in the context of inflation, an improved methodology aiming to deal with all short term … capture the dynamics of the inflation in sub groups well. Hence, this two-step procedure provides a useful tool for improved …

This study evaluates the role market competition plays in determining inflation based on sectorlevel data from OECD … countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … of market competition. This study shows that inflation decreases with greater market competitiveness even after …

form a monetary union, the country with higher initial inflation will deffnitely experience an increase in its inequalities …. In the country with lower initial inflation, however, inequalities might go in either direction since the inflationary … effect of uniting its monetary policy with a high inflation country can dominate the reducing effect of vanished trade …

rates of inflation if the two assets are highly substitutable under the baseline scenario. After the benchmark economy is … implies that, higher currency substitution is welfare enhancing for high inflation rates but not for moderate and low … inflation rates. In other words, currency substitution is not necessarily welfare enhancing. …

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 … calculate new core inflation indicators using the disaggregated price data for the time period of January 1994 to June 2007. The …