The time-varying effect of inflation uncertainty on inflation for Turkey
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Tarih
2017
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Routledge
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
We investigate the effect of inflation uncertainty on inflation from January 1982 through March 2016 for Turkey by using the Stochastic Volatility in Mean model with time-varying parameters. Our empirical evidence from consumer price index (CPI) inflation suggests that the observed positive relationship between inflation and inflation uncertainty is not robust. This positive relationship diminishes after 2002. This finding is valid for all five subcomponents of CPI inflation; however, for Health Services, Transportation Services, and Recreational and Cultural Services, an inflation-positive association is reported after 2010. © 2016 Informa UK Limited, trading as Taylor & Francis Group.
Açıklama
Anahtar Kelimeler
Inflation, Inflation Uncertainty and TVP-SVM
Kaynak
Applied Economics Letters
WoS Q Değeri
N/A
Scopus Q Değeri
Q2
Cilt
24
Sayı
13
Künye
Varlık, S., Ülke, V., Berument, H. (2017). The time-varying effect of inflation uncertainty on inflation for Turkey. Applied Economics Letters, 24(13), 961-967.
