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 …

and a naive no change model. The data pertains to the quarterly inflation rate in Turkey for the period of 1987-2001. The …The aim of this paper is to investigate the performance of Phillips curve to forecast inflation in a high inflation … emerging market country by taking Turkey as a case. For this purpose we compare the forecasting performance of Phillips curve …

The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

.I derive a generalized NKPC in an optinizing model with the non- constant hazard function and trend inflation. Memory emerges … in the resulting Phillips curve through the presence of lagged inflation and lagged expectations. It nests the Calvo NKPC …-hazard assumption. Furthermore, I find lagged inflation always has negative coefficients, thereby making it impossible to interpret …

Regression model for the period 1995Q1 to 2018Q2. The empirical evidence reveals the existence of two inflation regimes during … the period under review. Food inflation, energy inflation, firms’ marginal cost, and imported inflation account for most … exchange rate solely explains price changes in the composite consumers’ basket when inflation switches to high regime …

different versions of new Keynesian Phillips curve for capturing dynamics of CPI inflation. Estimation of different formulations … achieved by maximization of utility subject to budget constraint. An increase in inflation that is not accompanied by … about inflation which in turn requires appropriate modelling of inflationary behavior. This study assesses efficacies of …

This paper presents a new formulation of conflict inflation labeled the "pass-through" approach, which contrasts with … the existing "pressure balance" approach. The model generates Phillips styled inflation - unemployment dynamics that are a … hybrid of Keynesian and NAIRU dynamics. Conflict inflation arises when economic activity rises above the consistent claims …

In this paper we test a new empirical relationship between wage and inflation. We introduce the concept of a cumulative … relation between their current wages and their past wages, adjusted for inflation. We call this the post-crisis Phillips Curve …. The shape of the post-crisis Phillips Curve expresses the theoretical assumption that the inflation rate stays below its …