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The Causal Relationship Between Exchange Rates and Inflation in Turkey:1984-2003

Author

Listed:
  • Ekrem Gul
  • Aykut Ekinci

    (Dumlupinar University)

Abstract

In this study, we investigate empirically the causal relationship between nominal exchange rates and inflation by using high-frequency data of nominal exchange rates and inflation of Turkey. To determine the appropriate Granger causality relations, unit root and cointegtration models are used. With time-series techniques, this study provides evidence that a long-run relationship between nominal exchange rates and inflation exist. However, our results indicate that a causal relationship occurs only one direction from nominal exchange rates to inflation.

Suggested Citation

  • Ekrem Gul & Aykut Ekinci, 2006. "The Causal Relationship Between Exchange Rates and Inflation in Turkey:1984-2003," Anadolu University Journal of Social Sciences, Anadolu University, vol. 6(1), pages 91-106, June.
    • Handle: RePEc:and:journl:v:6:y:2006:i:1:p:91-106
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    File URL: http://www.anadolu.edu.tr/arastirma/hakemli_dergiler/sosyal_bilimler/pdf/2006-1/sos_bil.5.pdf
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    Citations

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    Cited by:

    1. Nurkhodzha Akbulaev & Tural Abdulhasanov, 2023. "Analyzing the Connection between Energy Prices and Cryptocurrency throughout the Pandemic Period," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 227-234, January.
    2. Olarewaju Odunayo Magret & Migiro Stephen Oseko & Sibanda Mabutho, 2018. "Dividend Payout, Retention Policy and Financial Performance in Commercial Banks: Any Causal Relationship?," Studia Universitatis Babeș-Bolyai Oeconomica, Sciendo, vol. 63(1), pages 37-62, April.
    3. Ercan Özen & Letife Özdemir & Simon Grima, 2020. "The Relationship between the Exchange Rate, Interest Rate and Inflation: The Case of Turkey," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 67(2), pages 259-275, March.

    More about this item

    Keywords

    Nominal exchange rates; inflation; causality.;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General

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