The Impact of Inflation Targeting Policy on the Inflation Uncertainty in Turkey

Özcan Karahan () and Olcay Çolak ()
Additional contact information
Özcan Karahan: Balıkesir University
Olcay Çolak: Rize University

A chapter in Balkan and Eastern European Countries in the Midst of the Global Economic Crisis, 2013, pp 49-61 from Springer

Abstract: Abstract Turkey represents a potential laboratory experiment in which the performance of an adoption of inflation targeting regime can be studied. Under this perspective, this article tries to evaluate the effect of Inflation Targeting Policy on inflation uncertainty in Turkey after 2001. An empirical analysis based on ARCH-GARCH method is made in order to create inflation uncertainty series. The findings denote that Inflation Targeting Policy is a powerful strategy in eliminating the inflation uncertainty.

Keywords: Monetary Policy; Conditional Variance; GARCH Model; Inflation Target; Inflation Expectation (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2873-3_4

Ordering information: This item can be ordered from
http://www.springer.com/9783790828733

DOI: 10.1007/978-3-7908-2873-3_4

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().