This paper assesses the presence of seasonal volatility in price indexes where a similar type of pattern has been … reported in asset prices in financial markets. The empirical evidence from Turkey for the monthly period from 1987:01 to 2007 …:05 suggests the presence of seasonality in the conditional variance of inflation. Thus, inferences for the models that do not …

micro-level price data from Turkey during two clearly distinguishable periods of high and low inflation. The results …This paper investigates the relationship between the level of inflation and regional price-level convergence utilizing … indicate that higher persistence and slower convergence of price levels are evident during the low-inflation period, which …