Kalite Artislari ve Enflasyon : Turkiye Ornegi
AbstractIn this study, average quality growth and upward inflation bias are estimated for a set of 51 goods by using six waves of TURKSTAT Household Budget Surveys from 2003 to 2008 and consumer prices in Turkey. Using instrumental variables approach suggested by Bils and Klenow (2001), the annual average quality growth for these items over this period is estimated to be 3.88 percent, of which 2.03 percentage points have shown up as in consumer price inflation.
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Bibliographic InfoArticle provided by Research and Monetary Policy Department, Central Bank of the Republic of Turkey in its journal Central Bank Review.
Volume (Year): 11 (2011)
Issue (Month): 1 ()
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More information through EDIRC
Inflation rates; Quality bias;
Other versions of this item:
- Yavuz Arslan & Evren Ceritoglu, 2010. "Kalite Artislari ve Enflasyon : Turkiye Ornegi," CBT Research Notes in Economics, Research and Monetary Policy Department, Central Bank of the Republic of Turkey 1017, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yavuz Arslan & Evren Ceritoğlu, 2013.
"Quality Growth Versus Inflation in Turkey,"
Emerging Markets Finance and Trade, M.E. Sharpe, Inc.,
M.E. Sharpe, Inc., vol. 49(2), pages 31-43, March.
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- Irineu E. Carvalho Filho & Marcos Chamon, 2008. "The Myth of Post-Reform Income Stagnation," IMF Working Papers 08/197, International Monetary Fund.
- Fethi Ogunc, 2009. "Dayanikli Tuketim Mali Fiyat Dinamikleri," Working Papers 0908, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Mark Bils & Peter J. Klenow, 2000.
"Quantifying Quality Growth,"
NBER Working Papers
7695, National Bureau of Economic Research, Inc.
- Mark Bils & Peter J. Klenow, 2001. "Quantifying Quality Growth," American Economic Review, American Economic Association, American Economic Association, vol. 91(4), pages 1006-1030, September.
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- Mehmet Yörükoglu, 2010. "Difficulties in inflation measurement and monetary policy in emerging market economies," BIS Papers chapters, Bank for International Settlements, in: Bank for International Settlements (ed.), Measurement of inflation and the Philippine monetary policy framework, volume 49, pages 369-389 Bank for International Settlements.
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