. Adding inflation as a second variable, we uncover two states in which expected consumption growth is low, one with high and … one with negative expected inflation. Embedded in a general equilibrium asset pricing model with learning, these dynamics … alternative derivation for a measure of time-varying disaster risk suggested by Wachter (2013), implying that both the disaster …

This paper assesses the effects of real depreciation on the economic performance of Turkey by considering quarterly …

of Turkey during this period. The effects of other control variables on inflation growth have also been tested. Some …The Turkish economy has experienced high and persistent inflation rates in the last two decades. This inflation has … aim of this paper is to analyze the impact of velocity on inflationary trend in Turkey over the period between 1996 and …

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 …