Welfare implications of inflation on Turkish economy

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buir.advisorNeyaptı, Bilin
dc.contributor.authorKiracı, Mustafa
dc.date.accessioned2016-01-08T18:13:41Z
dc.date.available2016-01-08T18:13:41Z
dc.date.issued2011
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : The Department of Economics, İhsan Doğramacı Bilkent University, 2011.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2011.en_US
dc.descriptionIncludes bibliographical references leaves 39-41.en_US
dc.description.abstractInflation 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 study aims to measure the welfare gain from disinflation in Turkey during the period 2001-2010. The methodology of Cagan (1956) has been used to estimate the relation between M1 money demand and inflation rate, and the welfare gain estimations are calculated using the methodology proposed in Bailey (1956). After the welfare gain calculation, this study examines the economic indicators from the banking and real sectors in Turkey and compares the findings to the observations from the economy. This study concludes that the indicators of welfare gain in Turkish economy are in the same direction as, yet weaker than, the result of the estimation.en_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityKiracı, Mustafaen_US
dc.format.extentvi, 50 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15112
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectInflationen_US
dc.subjectWelfare cost of inflationen_US
dc.subjectWelfare analysisen_US
dc.subjectStationarityen_US
dc.subjectCointegrationen_US
dc.subject.lccHG229 .K57 2011en_US
dc.subject.lcshInflation (Finance)--Turkey.en_US
dc.subject.lcshCost and standard of living--Turkey.en_US
dc.subject.lcshPublic welfare--Turkey.en_US
dc.titleWelfare implications of inflation on Turkish economyen_US
dc.typeThesisen_US

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