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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"> <html> <head> <meta name="MS.LOCALE" content="EN"> <meta http-equiv="Content-Type" content="text/html; charset=UTF-8"> <META http-equiv="Content-Script-Type" content="text/javascript"> <LINK REL="SHORTCUT ICON" HREF="/favicon.ico"> <link rel="search" type="application/opensearchdescription+xml" title="EconPapers" href="/EP_searchplug.xml"> <link rel="search" type="application/opensearchdescription+xml" title="EconPapers: Author" href="/EPauth_searchplug.xml"> <link rel="search" type="application/opensearchdescription+xml" title="EconPapers: Title" href="/EPtitle_searchplug.xml"> <script language="javascript" type="text/javascript" src="/ep.js"> </script> <link rel="stylesheet" type="text/css" href="/EP_print.css"> <LINK REL='SCHEMA.dc' HREF='http://purl.org/dc/elements/1.1/'> <META NAME="dc.Title" CONTENT="Turkish Inflation Dynamics: New Keynesian Phillips Curve (2000-2013)"> <META NAME="dc.Creator" CONTENT="Ba艧tav, Leyla"> <meta name="dc.Subject" content="Turkey, Macroeconometric modeling, Monetary issues"> <meta name="dc.Publisher" content="EcoMod"> <meta name="dc.Type" content="text"> <meta name="dc.Type" scheme="DCT2" content="techreport"> <meta name='dc.Date' content='2014-07-03'> <meta name="redif-type" content="paper"> <meta name="wp-number" content="6955"> <meta name='handle' content='RePEc:ekd:006356:6955'> <meta name='EPDATE' content="2014-08-21"> <meta name='description' content="By Leyla Ba艧tav; Abstract: This study aims to analyse Turkish economy for the 2000-2012 term with emphasis on inflation dynamics within the"> <meta name="series" content="EcoMod2014"> <meta name="citation_authors" content="Ba艧tav, Leyla"> <meta name="citation_author" content="Ba艧tav, Leyla"> <meta name="citation_title" content="Turkish Inflation Dynamics: New Keynesian Phillips Curve (2000-2013)"> <meta name="citation_date" content="2014/07/03"> <meta name="citation_year" content="2014"> <meta name="citation_publication_date" content="2014/07/03"> <meta name="citation_technical_report_institution" content="EcoMod"> <meta name="citation_technical_report_number" content="6955"> <meta name="citation_keywords" content="Turkey; Macroeconometric modeling; Monetary issues"> <meta name="citation_abstract" content="This study aims to analyse Turkish economy for the 2000-2012 term with emphasis on inflation dynamics within the framework of New Keynesian Phillips Curve (NKPC). The aim is to capture whether the inflation dynamics is explained by output gap and/or growth of output explanatory variables or alternatively by level or the rate of change of employment (and unemployment). Price equations are estimated in the form of New Keynesian Phillips Curve (NKPC) by GMM methodology following unit root tests. There is hysteresis effect in price dynamics and past levels of output effect current inflation. There is hardly any supporting pattern for employment/unemployment level or rate of change variables upto second order lags having any explanatory power for the price inflation dynamics of Turkey. However the study will be extended by new explanatory variables (like marginal cost index, different expected inflation proxy variables etc)."> <meta name="citation_abstract_html_url" content="https://EconPapers.repec.org/RePEc:ekd:006356:6955"> <link rel='canonical' href='https://EconPapers.repec.org/RePEc:ekd:006356:6955'> <TITLE>EconPapers</TITLE> <base target='_top'> </head> <body> <div class='abstractframe'> <div id='processing' class='itemref' onClick='clear_wait()'><img width='0' height='0' align=middle src='/EPwait.gif'></div><div id='greyedout' class='itemshadow' onClick='clear_wait()'></div> <h1 class="colored">Turkish Inflation Dynamics: New Keynesian Phillips Curve (2000-2013)</h1> <p><i>Leyla Ba艧tav</i> <p>No 6955, <a href='/paper/ekd006356/'>EcoMod2014</a> from <a href="http://www.ecomod.net">EcoMod</a> <p><b>Abstract:</b> This study aims to analyse Turkish economy for the 2000-2012 term with emphasis on inflation dynamics within the framework of New Keynesian Phillips Curve (NKPC). The aim is to capture whether the inflation dynamics is explained by output gap and/or growth of output explanatory variables or alternatively by level or the rate of change of employment (and unemployment). Price equations are estimated in the form of New Keynesian Phillips Curve (NKPC) by GMM methodology following unit root tests. There is hysteresis effect in price dynamics and past levels of output effect current inflation. There is hardly any supporting pattern for employment/unemployment level or rate of change variables upto second order lags having any explanatory power for the price inflation dynamics of Turkey. However the study will be extended by new explanatory variables (like marginal cost index, different expected inflation proxy variables etc). <p><b>Keywords:</b> <a href="/scripts/search.pf?kw=Turkey">Turkey</a>; <a href="/scripts/search.pf?kw=Macroeconometric modeling">Macroeconometric modeling</a>; <a href="/scripts/search.pf?kw=Monetary issues">Monetary issues</a> (search for similar items in EconPapers)<br> <b>Date:</b> 2014-07-03<br> <b>New Economics Papers:</b> this item is included in <a href='/scripts/search.pf?neplist=nepara2014-09-05'>nep-ara</a>, <a href='/scripts/search.pf?neplist=nepcwa2014-09-05'>nep-cwa</a> and <a href='/scripts/search.pf?neplist=nepmac2014-09-05'>nep-mac</a><br> <b>References:</b> <a href='http://citec.repec.org/cgi-bin/ui.pl?h=repec:ekd:006356:6955'>Add references at CitEc</a> <br><b>Citations:</b> <a href='http://citec.repec.org/cgi-bin/rss.pl?h=repec:ekd:006356:6955'>Track citations by RSS feed</a> <p><b>Downloads:</b> (external link)<br><a href="/scripts/redir.pf?u=http%3A%2F%2Fecomod.net%2Fsystem%2Ffiles%2FTurkPCmci2.doc;h=repec:ekd:006356:6955">http://ecomod.net/system/files/TurkPCmci2.doc</a> <p><b>Related works:</b><br>This item may be available elsewhere in EconPapers: <a href='/scripts/search.pf?adv=true;wp=on;art=on;soft=on;mh=100;ph=10;sort=rank;kwp=true;kw=Turkish+Inflation+Dynamics:+New+Keynesian+Phillips+Curve+(2000-2013)'>Search</a> for items with the same title. <p><b>Export reference:</b> <span class="fakelink" onClick="return item_as_reference('bibtex')">BibTeX</span> <span class=fakelink onClick="return item_as_reference('ris')">RIS</span> (EndNote, ProCite, RefMan) <span class=fakelink onClick="return item_as_reference('html')">HTML/Text</span> <div id='itemref' class='itemref'></div><div id='itemshadow' class='itemshadow'></div> <p><b>Persistent link:</b> <a href='/RePEc:ekd:006356:6955'>https://EconPapers.repec.org/RePEc:ekd:006356:6955</a> <p><a href='https://logec.repec.org/scripts/paperstat.pf?h=repec:ekd:006356:6955'>Access Statistics</a> for this paper <p><a href='/paper/ekd006356/'>More papers</a> in EcoMod2014 from <a href="http://www.ecomod.net">EcoMod</a><span class='smaller'> Contact information at <a href='https://edirc.repec.org/data/ecomoea.html'>EDIRC</a>.</span><span class='smaller'><br>Bibliographic data for series maintained by Theresa Leary (<script language='JavaScript' type='text/javascript'>Obfuscate( 'ecomod.net', 'theresa.leary' )</script>).</span> <p>Printed from EconPapers, https://EconPapers.repec.org/repec:ekd:006356:6955, Mon Nov 25 17:46:44 2024 GMT </div>  </body> </html>