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shocks, demand shocks, external shocks and demographic changes, the issue of inflation (INF) has also been found to be … determinants such as output growth rate, interest rate, trade-openness (TO) and oil price inflation (OPI). Design …/methodology/approach - To examine the dynamic nature of association between fiscal deficit and inflation, the study applies the Toda …
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, 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 …
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