Causes of Inflation in Turkey: A Literature Survey with Special Reference to Theories of Inflation
AbstractTurkey has experienced high and persistent inflation for more than twenty years. This paper attempts firstly to survey the extremely broad literature on theories of inflation. It is mainly argued that inflation may be interpreted as a net result of sophisticated and continuous interactions of demand-side (or monetary) shocks, supply-side (or real) shocks, price-adjustment (or inertial) factors and political processes (or institutional factors). The second aim of the paper is to compare the existing empirical studies on Turkish inflation, by considering their sample period, data frequency, empirical methods, modeled macroeconomic variables and main results.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 28 (2001)
Issue (Month): 21 ()
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Other versions of this item:
- Aykut Kibritcioglu, 2001. "Causes of Inflation in Turkey: A Literature Survey with Special Reference to Theories of Inflation," Macroeconomics 0107002, EconWPA, revised 10 Oct 2001.
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
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