Advanced Search
MyIDEAS: Login

Inflation Expectations in Turkey : Statistical Evidence from the Business Tendency Survey

Contents:

Author Info

  • Yasemin Barlas Ozer
  • Defne Mutluer

Abstract

In Turkey, the importance placed on public's expectations about future economic and financial conditions has risen in recent years within the upcoming fully-fledged policy of inflation targeting framework; in accordance, information on expectations of future inflation could be inferred from surveys of expectations. This paper examines the inflation expectations of firms in the manufacturing sector in Turkey, assessing the Central Bank of the Republic of Turkey's Business Tendency Survey data. The focus of this paper is a wide-ranging analysis of the characteristics of the inflation expectations of firms rather than their formation. The paper not only evaluates the performance of inflation expectations (whether they are in line with realizations and how they react to the shifts in the economy) but also handles the characteristics of their distribution. Besides, the paper attempts to see how expectations vary across sub-sectors and to analyze their relationship with other expectations.

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/july05-3.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): 5 (2005)
Issue (Month): 2 ()
Pages: 73-97

as in new window
Handle: RePEc:tcb:cebare:v:5:y:2005:i:2:p:73-97

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 Expectations; Survey Data Analysis;

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. Ercan Uygur, 1989. "Inflation Expectations of the Turkish Manufacturing Firms," Discussion Papers 8904, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  2. Ece Oral & Dilara Ece & Turknur Hamsici, 2005. "Building Up a Real Sector Business Confidence Index for Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 5(1), pages 23-54.
  3. Lyziak, Tomasz, 2003. "Consumer inflation expectations in Poland," Working Paper Series 0287, European Central Bank.
  4. N. Gregory Mankiw & Ricardo Reis & Justin Wolfers, 2003. "Disagreement about Inflation Expectations," NBER Working Papers 9796, National Bureau of Economic Research, Inc.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Yusuf Soner Baskaya & Hakan Kara & Defne Mutluer, 2008. "Expectations, Communication and Monetary Policy in Turkey," Working Papers 0801, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  2. Yusuf Soner Baskaya & Eda Gulsen & Hakan Kara, 2012. "Inflation Expectations and Central Bank Communication in Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 12(2), pages 1-10.

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:5:y:2005:i:2:p:73-97. 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.