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been subject to a weakly exogenous characteristic and conclude that the main factors leading to domestic inflation are …
Persistent link: https://www.econbiz.de/10008550062
Turkish inflation, and a model attempt on inflation phenomenon is estimated. The results obtained support the view of cost …-push inflation. Also the factors resulting from public sector pricing behavior and also the price inertia phenomenon are estimated as …
Persistent link: https://www.econbiz.de/10008497644
This paper examines the extent to which changes in exchange rates result in changes in Turkish domestic inflation … that exchange rate shocks feed into domestic inflation, first at the level of manufacturers’ prices and then at the level … manufacturer price index in determining Turkish inflation rates. In addition, the decline in the exchange rate pass-through impact …
Persistent link: https://www.econbiz.de/10008497664
In this paper, we investigate whether the currency substitution can affect the exchange rate uncertainty for the Turkish economy. Considering the whole time period 1987M01-2006M12 as well as thesub-periods 1987M01-1999M12 and 2001M03-2006M12 for sensitivity analysis, our estimation results...
Persistent link: https://www.econbiz.de/10008623473
In this paper, the preceding / causal relationships between inflation and inflation uncertainty have been tried to be … inflationary shocks are associated with statistically significant and quantitatively larger levels of inflation uncertainty than … are negative shocks. Our estimation results indicate that inflation in fact leads to inflation uncertainty in line with …
Persistent link: https://www.econbiz.de/10009147699
purpose we try to extract the knowledge of cyclical correlations between real income and prices/inflation considering 1998 … estimation results indicate that both deflator based price level and inflation have a counter-cyclical relationship with real … relationship between the cyclical components of price level/inflation and real income, we apply to the generalized impulse response …
Persistent link: https://www.econbiz.de/10008836735
In this study, the causal relationships between inflation, output growth and uncertainty have been re-examined for the … period with monthly data, the mutual Granger causality between inflation and inflation uncertainty cannot be rejected in a … lower the output growth uncertainty. Some evidence have also been obtained in favor of that an increase in inflation …
Persistent link: https://www.econbiz.de/10008458504
the course of the monetary aggregates seems to be endogenous as to the course of the inflation. Moreover, impulse …
Persistent link: https://www.econbiz.de/10008557086
long run higher tax rates are associated with higher inflation rates and higher nominal interest rates for Turkish Economy …, inflation and tax revenue. For this purpose, we estimate the Mankiw’soptimal seigniorage model for Turkish Economy with the … causality relationship from inflation and tax revenue to nominal interest rates. However, in short run we could not find any …
Persistent link: https://www.econbiz.de/10011258609
The Eurozone debt crisis is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to rollover their government debt without the help of third parties. The reasons for the Eurozone debt crisis can be summarized in three groups: (i) Errors on the...
Persistent link: https://www.econbiz.de/10011260111