We investigated the dynamic behavior of the overall inflation rate, its subgroups, and inflation rates of traded and non-traded goods in Turkey between 1994:M1 and 2012:M5 by using a quantile autoregression approach developed by Koenker and Xiao (2004). This method makes no assumptions about the...

Bu çalışmada Türkiye’nin enflasyon hedeflemesi deneyimi, bekleyişlerin hedeflere çapalanma derecesi üzerinden değerlendirilmektedir. Zaman içinde değişen vektör özgecikmeli model tahminleri, çapalanma etkisinin 2006 yılı Mayıs ayına kadar yüksek, bu aydaki finansal...

Anchoring inflation expectations to inflation targets rather than actual inflation implies a credible monetary policy. We utilized a quantile autoregression approach developed by Koenker and Xiao (2004) in order to analyse whether the inflation expectations converge toward inflation targets or...

The effects of a specific religious tradition on the food prices establish the central theme of this paper. In specific, I investigate whether the month Ramadan has any effect on food prices. I perform the analysis under two alternative calendar conventions, namely the Gregorian and Hijri...