The time-varying effect of inflation uncertainty on inflation for Turkey

被引：3
|
作者：
Varlik, Serdar [1 ]
Ulke, Volkan [2 ]
Berument, Hakan [3 ]
机构：
[1] Hitit Univ, Dept Econ, Corum, Turkey
[2] Int Burch Univ, Fac Econ & Social Sci, Sarajevo, Bosnia & Herceg
[3] Bilkent Univ, Dept Econ, Ankara, Turkey
来源：
APPLIED ECONOMICS LETTERS | 2017年 / 24卷 / 13期
关键词：
Inflation; inflation uncertainty and TVP-SVM; MONETARY-POLICY; G7; COUNTRIES; VOLATILITY; RATES; LINK;
D O I：
10.1080/13504851.2016.1243206
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：961 / 967
页数：7
相关论文
共 50 条
  • [1] Time-Varying Relationship between Inflation and Inflation Uncertainty
    Hou, Chenghan
    [J]. OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 2020, 82 (01) : 83 - 124
  • [2] Inflation and inflation uncertainty in Turkey
    Keskek, Sami
    Orhan, Mehmet
    [J]. APPLIED ECONOMICS, 2010, 42 (10) : 1281 - 1291
  • [3] Asymmetric and Time-Varying Causality between Inflation and Inflation Uncertainty in G-7 Countries
    Balcilar, Mehmet
    Ozdemir, Zeynel Abidin
    [J]. SCOTTISH JOURNAL OF POLITICAL ECONOMY, 2013, 60 (01) : 1 - 42
  • [4] Time-varying persistence in US inflation
    Massimiliano Caporin
    Rangan Gupta
    [J]. Empirical Economics, 2017, 53 : 423 - 439
  • [5] Time-varying persistence in US inflation
    Caporin, Massimiliano
    Gupta, Rangan
    [J]. EMPIRICAL ECONOMICS, 2017, 53 (02) : 423 - 439
  • [6] Evidence on time-varying inflation synchronization
    Szafranek, Karol
    [J]. ECONOMIC MODELLING, 2021, 94 : 1 - 13
  • [7] THE RELATIONSHIP BETWEEN INFLATION AND INFLATION UNCERTAINTY IN TURKEY
    Erdem, H. F.
    Yamak, R.
    [J]. EKONOMIKA REGIONA-ECONOMY OF REGION, 2014, 4 : 246 - +
  • [8] Time-varying inflation targeting after the nineties
    Lafuente, Juan A.
    Perez, Rafaela
    Ruiz, Jesus
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2014, 29 : 400 - 408
  • [9] A time-varying parameter model of inflation in India
    Kumar, Sudhanshu
    Srinivasan, Naveen
    Ramachandran, Muthiah
    [J]. INDIAN GROWTH AND DEVELOPMENT REVIEW, 2012, 5 (01) : 25 - 50
  • [10] Time-varying inflation persistence in the Euro area
    Beechey, Meredith
    Osterholm, Par
    [J]. ECONOMIC MODELLING, 2009, 26 (02) : 532 - 535
12345