, such as in Turkey during high and volatile inflation. … gap and inflation for the Turkish economy using data from 2002:01 to 2021:09. First, it analyses the cointegration by …. The results also show asymmetric causality running from positive (negative) output gap to positive (negative) inflation …

This paper surveys and examines the sources of fluctuations in inflation and output in Turkey. Using a dynamic open … indicate that inflation is driven by monetary and real demand disturbances while output is mainly driven by aggregate supply … disturbances. The historical decomposition shows that a substantial portion of inflation is aggregate demand-driven core inflation …

inflationvolatility in Turkey by using the ARDL bounds testing approach.Second, we also examine the causal relationship among these vari … inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output … gap will have permanent andtemporary causal effects on inflation volatility. The policymakersshould carefully consider …