Türkiye Ekonomisi İçin Enflasyonun Üçgen Modeli İle Phillips Eğrisi Denklemi Tahmini: 1998-2014
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DOI: 10.5455/ey.35411
Note: [English Title] The Estimation of Phillips Curve Equation with Triangle Model for Turkish Economy: 1998-2014 [English Abstract] In this paper, the deflation puzzle in Turkey is examined for the period of 1998Q1- 2014Q1 using triangle model of inflation to forecast Phillips Curve. The NAIRU (non-accelerating inflation rate of unemployment) is added Phillips Curve Model by using three different methods which are Augmented Phillips Curve, Hodrick-Prescott Filter and Time Varying Parameters Model. According to the result of this paper, there is no deflation puzzle in Turkey for the period of 1998Q1- 2014Q1 and the triangle model of inflation is successfull to estimating inflation in Turkey. [English Keywords] E31, E37, J64.
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Keywords
Enflasyonun Üçgen modeli; Dezenflasyon Bulmacası; Zamanla Değişen NAIRU; Phillips Eğrisi.;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
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