Now showing items 1-2 of 2

    • Heterogeneity in inflation persistence and optimal monetary policy 

      Alp, Sevim Kösem (Bilkent University, 2009)
      In ation persistence di ers substantially across sectors. This paper analyzes the relevance of sectoral in ation persistence di erentials for optimal monetary policy using a two-sector sticky price model, which generalizes ...
    • Welfare implications of inflation on Turkish economy 

      Kiracı, Mustafa (Bilkent University, 2011)
      Inflation is an obstacle in the decision-making processes of agents in an economy. In order to make better decisions under periods of inflation, agents need to spend extra effort, and this creates a loss in welfare. This ...