Cesitli Enflasyon Beklentisi Olcutleri Kullanilarak Genel Bir Enflasyon Beklentisi Gostergesi Elde Edilmesi
[TR] Bu notta, faktor analizi kullanilarak, Turkiye’de kisa ve orta vadeli enflasyona iliskin anket ve piyasa bazli cesitli beklenti olcutlerinin ortak hareketini yakalayan kompozit beklenti gostergeleri elde edilmeye calisilmistir. Ortaya cikan gostergeler anketlerle belirli kesimlerin egilimlerini olcmek amaciyla tasarlanan veya piyasanin ima ettigi beklentiler gibi farkli kaynaklardan gelen bilgiyi harmanlamaktadir. Enflasyon beklentilerinin seviyesinden ziyade degisim yonune iliskin bilgi iceren bu gostergelerin enflasyon beklentilerinin izlenmesi ve yorumlanmasi acisindan faydali olacagi dusunulmektedir. [EN] In this note, using factor analysis, we attempt to construct composite indicators of short and medium term inflation expectations that capture the common movement of various survey and market based measures of inflation expectations. These indicators summarize the information regarding the inflation expectations obtained from financial markets and various surveys which are designed to measure the expectations of different economic agents such as consumers, firms and experts. These indicators provide information regarding the direction of change in the inflation expectations rather than the level and we think that they will prove useful in monitoring and interpreting the inflation expectations.
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| Date of creation: | 2013 |
| Date of revision: | |
| Handle: | RePEc:tcb:econot:1313 |
| Contact details of provider: | Postal: Head Office, Istiklal Cad. 10 Ulus, 06100 Ankara Phone: (90 312) 507 5000 Fax: (90 312) 507 5640 Web page: http://www.tcmb.gov.tr/ Email: More information through EDIRC
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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.:
- Refet S. Gürkaynak & Brian Sack & Jonathan H. Wright, 2010.
"The TIPS Yield Curve and Inflation Compensation,"
American Economic Journal: Macroeconomics,
American Economic Association, vol. 2(1), pages 70-92, January.
- Refet S. Gürkaynak & Brian P. Sack & Jonathan H. Wright, 2008. "The TIPS yield curve and inflation compensation," Finance and Economics Discussion Series 2008-05, Board of Governors of the Federal Reserve System (U.S.).
- Duran, Murat & Gülşen, Eda, 2013. "Estimating inflation compensation for Turkey using yield curves," Economic Modelling, Elsevier, vol. 32(C), pages 592-601.
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