studies on inflationary inertia in Turkey not only lack a model of nominal stickiness but also do not try to explain inflation … persistence by expectations. Even though, there exists evidence for persistent inflation in Turkey as confirmed by earlier studies … a sticky-price model under the assumption of near-rational expectations on two different inflation episodes in the …

This study examines the dynamics and determinants of inflation in the Ottoman Empire during the 1586-1913 period. There … might be two main reasons for inflation: fiscal expansion and monetary expansion where the monetary expansion could be … explain the change in the inflation dynamics. In particular, we considered the war years, periods of Ottoman history which …

evaluated with respect to the relevant institutional rules. The model predicts that while both inflation and budget deficits are … independence. This result obtains due to optimizing agents who internalize the burden of spending: inflation. Although not …

. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we … show that the time inconsistency problem can explain both the short-run and the long-run behaviour of inflation and output …

In this paper, Turkish high and persistent inflation experience and its impact on inflation uncertainty and growth have … been investigated. GARCH models are used to generate a measure of inflation uncertainty and quarterly data covers the … period of 1987:1-2003:3. According to the results from this study, inflation and inflation uncertainty are of negative …

The main purpose of this paper is to determine whether inflation in South Africa has been caused by excessive monetary … inflation as the relevant inflation variable, given that the M3 money demand function is deflated by consumer price inflation … endogenous to consumer price inflation and broad measures of inflation. The most important policy implication of an endogenously …

This paper models the behaviour of a potential entrant into a monetary union where there is an inflation entry …

in the presence of untradable inflation risk. Utility is defined over real wealth. Optimal forward positions are derived … risk premium and hence some risk taking. If untradable inflation risk is a monotone function of the tradable risk plus …

We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …