Price rigidity in Turkey: evidence from micro data

Utku Ozmen and Orhun Sevinc

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: In this study we investigate the duration of consumer price spells and price change patterns for Turkey by employing a comprehensive micro price data covering around 6,000 items over four years. In detail, we analyze how long typical price spell lasts and we investigate the size, frequency, distribution and synchronization of price changes. Compared to advanced economies, a higher frequency of price changes is estimated. Findings suggest substantial heterogeneity among sub-groups in terms of frequency and synchronization indicators. The mixed evidence of both state and time-dependent pricing is also relevant for Turkey, an emerging market economy.

Keywords: consumer prices; price spell duration; price rigidity; distribution of price changes; state and time dependent pricing (search for similar items in EconPapers)
JEL-codes: N0 (search for similar items in EconPapers)
Date: 2015-06-01
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Emerging Markets Finance and Trade, 1, June, 2015, 52(4), pp. 1029-1045. ISSN: 1540-496X

Downloads: (external link)
http://eprints.lse.ac.uk/66507/ Open access version. (application/pdf)

Related works:
Journal Article: Price Rigidity in Turkey: Evidence from Micro Data (2016)
Working Paper: Price Rigidity In Turkey: Evidence From Micro Data (2011)
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:ehl:lserod:66507

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().