An Econometric Analysis of the Determinants of Inflation in Turkey:
High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed some light on the determinants of inflation in Turkey by analyzing price determination within the framework of a multi-sector macroeconomic model during 1970-95. The main findings...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1997
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Schriftenreihe: | IMF Working Papers
Working Paper No. 97/170 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed some light on the determinants of inflation in Turkey by analyzing price determination within the framework of a multi-sector macroeconomic model during 1970-95. The main findings are that monetary variables (initially money, more recently the exchange rate) play a central role in the inflationary process, that public sector deficits contribute to inflationary pressures, and that inertial factors are quantitatively important. Policymakers' commitment to active exchange rate depreciation on several occasions in the past 15 years has also contributed to the inflationary process |
Beschreibung: | 1 Online-Ressource (33 p) |
ISBN: | 1451858388 9781451858389 |
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spelling | Papi, Laura Verfasser aut An Econometric Analysis of the Determinants of Inflation in Turkey Papi, Laura Washington, D.C International Monetary Fund 1997 1 Online-Ressource (33 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 97/170 High and variable inflation has been a central feature of the Turkish economy since the 1970s. This paper seeks to shed some light on the determinants of inflation in Turkey by analyzing price determination within the framework of a multi-sector macroeconomic model during 1970-95. The main findings are that monetary variables (initially money, more recently the exchange rate) play a central role in the inflationary process, that public sector deficits contribute to inflationary pressures, and that inertial factors are quantitatively important. Policymakers' commitment to active exchange rate depreciation on several occasions in the past 15 years has also contributed to the inflationary process Online-Ausg Lim, G. C. Sonstige oth http://elibrary.imf.org/view/IMF001/00267-9781451858389/00267-9781451858389/00267-9781451858389.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Papi, Laura An Econometric Analysis of the Determinants of Inflation in Turkey |
title | An Econometric Analysis of the Determinants of Inflation in Turkey |
title_auth | An Econometric Analysis of the Determinants of Inflation in Turkey |
title_exact_search | An Econometric Analysis of the Determinants of Inflation in Turkey |
title_exact_search_txtP | An Econometric Analysis of the Determinants of Inflation in Turkey |
title_full | An Econometric Analysis of the Determinants of Inflation in Turkey Papi, Laura |
title_fullStr | An Econometric Analysis of the Determinants of Inflation in Turkey Papi, Laura |
title_full_unstemmed | An Econometric Analysis of the Determinants of Inflation in Turkey Papi, Laura |
title_short | An Econometric Analysis of the Determinants of Inflation in Turkey |
title_sort | an econometric analysis of the determinants of inflation in turkey |
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