The asymmetry of inflation adjustment in Turkey
| dc.authorid | 0000-0003-4595-5663 | en_US |
| dc.contributor.author | Cicek, Serkan | |
| dc.contributor.author | Akar, Cuneyt | |
| dc.date.accessioned | 2024-07-12T21:46:13Z | |
| dc.date.available | 2024-07-12T21:46:13Z | |
| dc.date.issued | 2013 | en_US |
| dc.department | Maltepe Üniversitesi | en_US |
| dc.description.abstract | We investigated the dynamic behavior of the overall inflation rate, its subgroups, and inflation rates of traded and non-traded goods in Turkey between 1994:M1 and 2012:M5 by using a quantile autoregression approach developed by Koenker and Xiao (2004). This method makes no assumptions about the distribution of inflation rates and allowed us to analyze possible asymmetry in mean reversion toward the equilibrium for inflation rates. Our results revealed an asymmetric speed in the inflation adjustment process across different quantiles before and after an inflation targeting (IT) regime (implicit and explicit); persistence relatively decreased after adoption of implicit IT in 2002 or explicit IT and inflation rates became much more mean reverting. (C) 2012 Elsevier B.V. All rights reserved. | en_US |
| dc.identifier.doi | 10.1016/j.econmod.2012.11.026 | |
| dc.identifier.endpage | 118 | en_US |
| dc.identifier.issn | 0264-9993 | |
| dc.identifier.issn | 1873-6122 | |
| dc.identifier.scopus | 2-s2.0-84871777628 | en_US |
| dc.identifier.scopusquality | Q1 | en_US |
| dc.identifier.startpage | 104 | en_US |
| dc.identifier.uri | https://dx.doi.org/10.1016/j.econmod.2012.11.026 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.12415/7909 | |
| dc.identifier.volume | 31 | en_US |
| dc.identifier.wos | WOS:000316643600014 | en_US |
| dc.identifier.wosquality | Q3 | en_US |
| dc.indekslendigikaynak | Web of Science | |
| dc.indekslendigikaynak | Scopus | |
| dc.language.iso | en | en_US |
| dc.publisher | ELSEVIER SCIENCE BV | en_US |
| dc.relation.ispartof | ECONOMIC MODELLING | en_US |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.snmz | KY00675 | |
| dc.subject | Inflation adjustment | en_US |
| dc.subject | Inflation persistence | en_US |
| dc.subject | Quantile autoregression | en_US |
| dc.subject | Turkish economy | en_US |
| dc.title | The asymmetry of inflation adjustment in Turkey | en_US |
| dc.type | Article | |
| dspace.entity.type | Publication |
