The Causal Relationship Between Exchange Rates and Inflation in Turkey:1984-2003

Ekrem Gul and Aykut Ekinci ()
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Aykut Ekinci: Dumlupinar University

Anadolu University Journal of Social Sciences, 2006, vol. 6, issue 1, 91-106

Abstract: In this study, we investigate empirically the causal relationship between nominal exchange rates and inflation by using high-frequency data of nominal exchange rates and inflation of Turkey. To determine the appropriate Granger causality relations, unit root and cointegtration models are used. With time-series techniques, this study provides evidence that a long-run relationship between nominal exchange rates and inflation exist. However, our results indicate that a causal relationship occurs only one direction from nominal exchange rates to inflation.

Keywords: Nominal exchange rates; inflation; causality. (search for similar items in EconPapers)
JEL-codes: C50 E31 E52 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:and:journl:v:6:y:2006:i:1:p:91-106

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