Us, Vuslat; Ozcan, Kıvılcım Metin - In: Physica A: Statistical Mechanics and its Applications 346 (2005) 3, pp. 499-517
The poor performance of sticky-price models with rational expectations in explaining the inflationary inertia in the US economy constitutes the basis for sticky-price models of near-rational expectations in the recent literature. However, previous studies on inflationary inertia in Turkey not...