Monetary Pressures and Inflation Dynamics in Turkey: Evidence from P-Star Model

This paper uses the P-star model to explain inflation dynamics in Turkey. In P-star models, money plays an important role by determining the price gap, which is postulated to measure the pressure on prices in the economy. This pressure emerges when output is above the potential, interest rate is low...

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Bibliographic details
Main Author: Özdemir, Kazim Azim
Saygili, Mesut
Format: Paper
Language: English
Place of publication: 2008
Related: Research and Monetary Policy Department, Central Bank of the Republic of Turkey
Data of publication: 2008
Series: Working Papers
Online Access: available in Bonn?
Database: RePEc IDEAS
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