Iddrisu, Abdul-Aziz; Alagidede, Imhotep Paul - In: Central Bank review / Central Bank of the Republic of Turkey 21 (2021) 3, pp. 87-103
Although economic agents in different parts of a country face heterogeneous prices, empirical literature continue to assume homogeneity in the monetary policy-inflation nexus, with dire consequences for optimal monetary policy and welfare. Using wavelet-based quantile regressions, we provide a...