purpose, based on some potential causes of inflation, an empirical model is contructed upon emphasizing the roles of various … factors on inflationary process. The results obtained support the view of cost-push inflation led by exchange rate … the inflation structure. These all might also be given as evidence to that the cost-push rather than demand-pull factors …

studies on inflationary inertia in Turkey not only lack a model of nominal stickiness but also do not try to explain inflation … persistence by expectations. Even though, there exists evidence for persistent inflation in Turkey as confirmed by earlier studies … a sticky-price model under the assumption of near-rational expectations on two different inflation episodes in the …

. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we … show that the time inconsistency problem can explain both the short-run and the long-run behaviour of inflation and output …