governors to manage food price inflation. This paper undertakes the analysis of volatility and volatility spillover between … has a considerable weight in regular spending of households. In the last decade, Turkey experienced higher food price … inflation compared to consumer price index. In this context our main purpose is to provide useful insight for policymakers and …

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 … these results to implement appropriatepolicies to reduce inflation volatility. The finding that the shocks areof temporary …