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...
Özdemir, Kazim Azim
|Place of publication:||
Research and Monetary Policy Department, Central Bank of the Republic of Turkey
|Data of publication:||2008|
|Online Access:||available in Bonn?|
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