Gul, Ekrem; Ekinci, Aykut - In: Anadolu University Journal of Social Sciences 6 (2006) 1, pp. 91-106
In this study, we investigate empirically the causal relationship between nominal exchange rates and inflation by using high-frequency data of nominal exchange rates and inflation of Turkey. To determine the appropriate Granger causality relations, unit root and cointegtration models are used....