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An Integrated Analysis of Turkish Inflation Author info | Abstract | Publisher info | Download info | Related research | Statistics Metin, Kivilcim
The inflation process in Turkey is investigated utilizing the multivariate cointegration model that is based on the joint analysis of long-run and short-run behavior. Excess demand in each sector--monetary, government, international and labor--as measured by the deviation from the long-run equilibrium is allowed to potentially effect the inflation rate. Excess demand in the government sector is found to be the main determinant of the Turkish inflation rate. Thus, a rate policy implication is that inflation could be reduced rapidly by eliminating the fiscal deficit. Copyright 1995 by Blackwell Publishing Ltd
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Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics & Statistics .
Volume (Year): 57 (1995)
Issue (Month): 4 (November)
Pages: 513-31
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Handle: RePEc:bla:obuest:v:57:y:1995:i:4:p:513-31Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0305-9049
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