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Enflasyon Belirsizligi ve Beklentilerdeki Uyusmazlik

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  • Timur Hulagu
  • Saygin Sahinoz

Abstract

[TR] Bu notta TCMB Beklenti Anketi verileri kullanilarak Turkiye icin bir enflasyon belirsizligi olcutu olusturulmaya calisilmis ve anket katilimcilari arasindaki uyusmazligin olusturulan bu olcut icin bir gosterge olarak kullanilip kullanilamayacagi arastirilmistir. Bulgular, 2006 oncesi donem icin uyusmazligin enflasyon belirsizligi gostergesi olarak kullanilabilecegine isaret ederken, enflasyon hedeflemesi rejimiyle beraber bu iliskinin kayboldugunu ortaya koymaktadir. [EN] This note introduces a measure for inflation uncertainty in Turkey by using the CBRT Survey of Expectations and investigates whether the disagreement among the survey participants can be used as a proxy for inflation uncertainty. Results reveal the importance of time period analyzed. In particular, disagreement seems to be a good proxy for inflation uncertainty 2001-2006 period while this relationship vanishes with the inflation targeting regime after 2006.

Suggested Citation

  • Timur Hulagu & Saygin Sahinoz, 2011. "Enflasyon Belirsizligi ve Beklentilerdeki Uyusmazlik," CBT Research Notes in Economics 1104, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
  • Handle: RePEc:tcb:econot:1104
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    File URL: http://www.tcmb.gov.tr/wps/wcm/connect/721462cc-8b07-46c6-ae97-397efe5a79b6/EN1104eng.pdf?MOD=AJPERES&CACHEID=ROOTWORKSPACE-721462cc-8b07-46c6-ae97-397efe5a79b6-m3fw4Ul
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    References listed on IDEAS

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    1. Rich, Robert W & Butler, J S, 1998. "Disagreement as a Measure of Uncertainty: A Comment on Bomberger," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(3), pages 411-419, August.
    2. Bomberger, William A, 1996. "Disagreement as a Measure of Uncertainty," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(3), pages 381-392, August.
    3. Victor Zarnowitz & Louis A. Lambros, 1983. "Consensus and Uncertainty in Economic Prediction," NBER Working Papers 1171, National Bureau of Economic Research, Inc.
    4. Harvey, David I. & Newbold, Paul, 2003. "The non-normality of some macroeconomic forecast errors," International Journal of Forecasting, Elsevier, vol. 19(4), pages 635-653.
    5. Zarnowitz, Victor & Lambros, Louis A, 1987. "Consensus and Uncertainty in Economic Prediction," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 591-621, June.
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