Bu calismada amaclanan, yapisal butce dengesini hesaplayarak Turkiye’de 2006-2010 doneminde mali durusu ortaya koymak ve butce dengesinin devresel hareketlerden ne olçude etkilendigini belirlemeye calismaktir. Yapisal butce dengesinin uc asamada hesaplandigi bu calismada ilk olarak butce...

After two types of inflation uncertainty are derived within a time-varying parameter model with GARCH specification, the relationship between inflation uncertainty and interest rates for safe assets is investigated. The results support the existence of a ‘‘flight to quality’’ effect.

In the literature, there is no consensus about the direction of the effects of inflation uncertainty on interest rates. This paper states that such a result may stem from differentiation in the sources of the uncertainties and analyzes the effects of different types of inflation uncertainties on...