An empirical analysis of Turkish inflation (1988-2004): some non-monetarist estimations
AbstractThe 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.
Download InfoIf 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.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 19630.
Date of creation: 2006
Date of revision:
Publication status: Published in Erciyes Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Ocak-Haziran.26(2006): pp. 83-101
Inflation ; Turkish Economy ; Var Modelling ;
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- 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.:
- Thomas J. Sargent & Neil Wallace, 1981. "Some unpleasant monetarist arithmetic," Quarterly Review, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Minneapolis, issue Fall.
- Oya Celasun & R. Gaston Gelos & Alessandro Prati, 2004.
"Would "Cold Turkey" Work in Turkey?,"
IMF Staff Papers,
Palgrave Macmillan, vol. 51(3), pages 493-509, November.
- Mohsen Bahmani-Oskooee & Ilker Doma�, 2003.
"On the Link between Dollarisation and Inflation: Evidence from Turkey1,"
Comparative Economic Studies,
Palgrave Macmillan, vol. 45(3), pages 306-328, September.
- Ilker Domac & Mohsen Bahmani-Oskooee, 2002. "On the Link between Dollarization and Inflation : Evidence from Turkey," Discussion Papers, Research and Monetary Policy Department, Central Bank of the Republic of Turkey 0207, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
- Dani Rodrik, 1990.
"Premature Liberalization, Incomplete Stabilization: the Ozal Decade in Turkey,"
NBER Working Papers
3300, National Bureau of Economic Research, Inc.
- Rodrik, Dani, 1990. "Premature Liberalization, Incomplete Stabilization: The Ozal Decade in Turkey," CEPR Discussion Papers, C.E.P.R. Discussion Papers 402, C.E.P.R. Discussion Papers.
- Erol, Turan & Van Wijnbergen, Sweder, 1997. "Real exchange rate targeting and inflation in Turkey: An empirical analysis with policy credibility," World Development, Elsevier, Elsevier, vol. 25(10), pages 1717-1730, October.
- Sims, Christopher A & Stock, James H & Watson, Mark W, 1990. "Inference in Linear Time Series Models with Some Unit Roots," Econometrica, Econometric Society, Econometric Society, vol. 58(1), pages 113-44, January.
- Metin, Kivilcim, 1998. "The Relationship between Inflation and the Budget Deficit in Turkey," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 16(4), pages 412-22, October.
- Gonzalo, Jesus, 1994. "Five alternative methods of estimating long-run equilibrium relationships," Journal of Econometrics, Elsevier, Elsevier, vol. 60(1-2), pages 203-233.
- James G. MacKinnon, 1995.
"Numerical Distribution Functions for Unit Root and Cointegration Tests,"
Working Papers, Queen's University, Department of Economics
918, Queen's University, Department of Economics.
- MacKinnon, James G, 1996. "Numerical Distribution Functions for Unit Root and Cointegration Tests," Journal of Applied Econometrics, John Wiley & Sons, Ltd., John Wiley & Sons, Ltd., vol. 11(6), pages 601-18, Nov.-Dec..
- O. Cevdet Akcay & C. Emre Alper & Suleyman Ozmucur, 1996. "Budget Deficit, Money Supply and Inflation: Evidence from Low and High Frequency Data for Turkey," Working Papers, Bogazici University, Department of Economics 1996/12, Bogazici University, Department of Economics.
- David A. Dickey & Dennis W. Jansen & Daniel L. Thornton, 1991. "A primer on cointegration with an application to money and income," Review, Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, issue Mar, pages 58-78.
- Marco Rossi & Daniel Leigh, 2002. "Exchange Rate Pass-Through in Turkey," IMF Working Papers 02/204, International Monetary Fund.
- Johansen, Soren, 1991. "Estimation and Hypothesis Testing of Cointegration Vectors in Gaussian Vector Autoregressive Models," Econometrica, Econometric Society, Econometric Society, vol. 59(6), pages 1551-80, November.
- Pierre-Richard AgÃ©nor & Alexander W. Hoffmaister, 1997. "Money, Wages and Inflation in Middle-Income Developing Countries," IMF Working Papers 97/174, International Monetary Fund.
- Michael Bruno & Stanley Fischer, 1984. "The Inflationary Process in Israel: Shocks and Accommodation," NBER Working Papers 1483, National Bureau of Economic Research, Inc.
- Granger, C. W. J. & Newbold, P., 1974. "Spurious regressions in econometrics," Journal of Econometrics, Elsevier, Elsevier, vol. 2(2), pages 111-120, July.
- Laura Papi & G. C. Lim, 1997. "An Econometric Analysis of the Determinants of Inflation in Turkey," IMF Working Papers 97/170, International Monetary Fund.
- Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780198774501, October.
- Anand, Ritu & van Wijnbergen, Sweder, 1989. "Inflation and the Financing of Government Expenditure: An Introductory Analysis with an Application to Turkey," World Bank Economic Review, World Bank Group, World Bank Group, vol. 3(1), pages 17-38, January.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.