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An empirical analysis of Turkish inflation (1988-2004): some non-monetarist estimations

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  • Levent, Korap

Abstract

The main purpose in this paper is to investigate the determinants of the inflationary process in the Turkish economy. For this purpose, based on a some potential consequential reasons, a vast literature is tried to be investigated on the Turkish inflation, and a model attempt on inflation phenomenon is estimated. The results obtained support the view of cost-push inflation. Also the factors resulting from public sector pricing behavior and also the price inertia phenomenon are estimated as the other main sources of inflationary process under the estimation period 1988-2004, rather than the demand-pull monetary factors.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 19630.

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Date of creation: 2006
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Publication status: Published in Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Ocak-Haziran.26(2006): pp. 83-101
Handle: RePEc:pra:mprapa:19630

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Keywords: Inflation ; Turkish Economy ; Var Modelling ;

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  1. Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Minneapolis, issue Fall.
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  18. Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780198774501, October.
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