AN INTEGRATED ANALYSIS OF TURKISH INFLATION

@inproceedings{Metin1995ANIA,
  title={AN INTEGRATED ANALYSIS OF TURKISH INFLATION},
  author={Kivilcim Metin},
  year={1995}
}
The inflation process in Turkey is investigated utilizing the multivariate cointegration model that is based on the joint analysis of long-run and short-run behavior. Excess demand in each sector--monetary, government, international and labor--as measured by the deviation from the long-run equilibrium is allowed to potentially effect the inflation rate. Excess demand in the government sector is found to be the main determinant of the Turkish inflation rate. Thus, a rate policy implication is… CONTINUE READING

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