Advanced Search
MyIDEAS: Login to save this article or follow this journal

Kalite Artislari ve Enflasyon : Turkiye Ornegi

Contents:

Author Info

  • Yavuz Arslan
  • Evren Ceritoglu

Abstract

In 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.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.tcmb.gov.tr/research/cbreview/jan11-1.pdf
Download Restriction: no

Bibliographic Info

Article 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 ()
Pages: 1-9

as in new window
Handle: RePEc:tcb:cebare:v:11:y:2011:i:1:p:1-9

Contact details of provider:
Postal: Head Office, Istiklal Cad. 10 Ulus, 06100 Ankara
Phone: (90 312) 507 5000
Fax: (90 312) 507 5640
Email:
Web page: http://www.tcmb.gov.tr/
More information through EDIRC

Related research

Keywords: Inflation rates; Quality bias;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
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.:
as in new window
  1. 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.
  2. Brent R. Moulton & Karin E. Moses, 1997. "Addressing the Quality Change Issue in the Consumer Price Index," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(1), pages 305-366.
  3. Jerry Hausman, 2003. "Sources of Bias and Solutions to Bias in the Consumer Price Index," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 17(1), pages 23-44, Winter.
  4. Irineu E. Carvalho Filho & Marcos Chamon, 2008. "The Myth of Post-Reform Income Stagnation," IMF Working Papers 08/197, International Monetary Fund.
  5. Fethi Ogunc, 2009. "Dayanikli Tuketim Mali Fiyat Dinamikleri," Working Papers 0908, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  6. Mark Bils & Peter J. Klenow, 2000. "Quantifying Quality Growth," NBER Working Papers 7695, National Bureau of Economic Research, Inc.
  7. Bruce W. Hamilton, 2001. "Using Engel's Law to Estimate CPI Bias," American Economic Review, American Economic Association, American Economic Association, vol. 91(3), pages 619-630, June.
  8. 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.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:tcb:cebare:v:11:y:2011:i:1:p:1-9. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gulhanim Kayatas).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.