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Türkiye ekonomisinde enflasyon ve reel milli gelir arasındaki çevrimsellik ilişkisi üzerine bir inceleme
[An investigation upon the cyclical relationship between inflation and real income in the Turkish economy]

  • Levent, Korap

In our paper, the cyclical properties between real income and inflation in the Turkish economy have been tried to be examined by use of some contemporaneous filtering techniques. Our findings considering 1987Q1-2007Q2 investigation period reveal that the cyclical real income component has a strong and positive autocorrelation that reflects the persistence in business cycle fluctuations, and that real output has a high degree of volatility, and also that there exists a counter-cyclical relationship between inflation and real income. All in all, we infer that the cyclical-based fluctuations observed on the real income in the Turkish economy might have been occured due to some supply-based shocks that the economy have been experienced.

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File URL: http://mpra.ub.uni-muenchen.de/20266/1/MPRA_paper_20266.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20266.

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Date of creation: 2009
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Publication status: Published in Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi 4.23(2009): pp. 149-160
Handle: RePEc:pra:mprapa:20266
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  1. C. Emre Alper, 2000. "Stylized Facts of Business Cycles, Excess Volatility and Capital Flows: Evidence from Mexico and Turkey," Working Papers 2000/11, Bogazici University, Department of Economics.
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  9. Apostolos Serletis & David Krause, 1996. "Nominal stylized facts of U. S. business cycles," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 49-54.
  10. David K. Backus & Patrick J. Kehoe, 1991. "International evidence on the historical properties of business cycles," Staff Report 145, Federal Reserve Bank of Minneapolis.
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  13. Victor Zarnowitz & Ataman Ozyildirim, 2002. "Time Series Decomposition and Measurement of Business Cycles, Trends and Growth Cycles," NBER Working Papers 8736, National Bureau of Economic Research, Inc.
  14. Aguiar, Mark & Gopinath, Gita, 2007. "Emerging Market Business Cycles: The Cycle is the Trend," Scholarly Articles 11988098, Harvard University Department of Economics.
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  16. Finn E. Kydland & Calos E.J.M.Zarazaga, 1997. "Is the business cycle of Argentina "different?"," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q IV, pages 21-36.
  17. Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-18.
  18. J. Humberto Lopez & Stefania Fabrizio & Angel J. Ubide, 1997. "How Long is the Long Run? a Dynamic Analysis of the Spanish Business Cycle," IMF Working Papers 97/74, International Monetary Fund.
  19. Alexander W. Hoffmaister & Jorge Roldos, 1997. "Are Business Cycles Different in Asia and Latin America?," IMF Working Papers 97/9, International Monetary Fund.
  20. Brunner, Karl & Meltzer, Allan H., 1977. "Stabilization of the domestic and international economy," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 5(1), pages 1-6, January.
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