Enflasyon ve Enflasyon Belirsizliği: Türkiye Örneği

Serkan Erkam

Sosyoekonomi Journal, 2008, issue 2008-1

Abstract: This study is an attempt to investigate the causality structure between inflation and inflation uncertainty in Turkey for the period of 1982-2008. Empirical findings based on the ARCH, GARCH and PARCH estimates of the autoregressive inflation models support the hypothesis that inflation itself is a source of inflation uncertainty in Turkey. Also a short-run causality from greater inflation uncertainty to higher rates of inflation is found in some models. This implies that there is a central bank incentive of creating inflation surprises during periods of increased inflation uncertainty in Turkey.

Keywords: Inflation; Inflation Uncertainty; Granger-Causality; GARCH Models. (search for similar items in EconPapers)
JEL-codes: C32 E31 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:080108

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