Kalite Artislari ve Enflasyon: Turkiye Ornegi

Yavuz Arslan and Evren Ceritoğlu

Central Bank Review, 2011, vol. 11, issue 1, 1-9

Abstract: In this study, average quality growth and upward inflation bias are estimated for a set of 51 goods by using six waves of TURKSTAT Household Budget Surveys from 2003 to 2008 and consumer prices in Turkey. Using instrumental variables approach suggested by Bils and Klenow (2001), the annual average quality growth for these items over this period is estimated to be 3.88 percent, of which 2.03 percentage points have shown up as in consumer price inflation.

Keywords: Inflation rates; Quality bias (search for similar items in EconPapers)
JEL-codes: D12 E31 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:tcb:cebare:v:11:y:2011:i:1:p:1-9

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