Browsing by Keywords "Inflation inertia"

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    • Dynamics of inflation and inflation inertia in Turkey 

      Özcan, K. M.; Berument, Hakan; Neyaptı, B. (Statistical Economic and Social Research and Training Centre for Islamic Countries, 2004)
      This paper investigates the inflation dynamics in Turkey between 1988 and 2000. Using model-free techniques, we first observe that there is strong inertia in Turkish inflation. Next, we look at the correlations between ...

    • Optimal univariate expectations under high and persistent inflation: new evidence from Turkey 

      Us, V.; Ozcan, K. M. (Elsevier BV, 2005)
      The poor performance of sticky-price models with rational expectations in explaining the inflationary inertia in the US economy constitutes the basis for sticky-price models of near-rational expectations in the recent ...