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Türkiye’de enflasyonun belirleyicilerine dair bölgesel bir analiz 2005-2018
[Regional analysis of the causes inflation in Turkey 2005-2018]

Author

Listed:
  • Şanlı, Devran
  • Gülbay Yiğiteli, Nadide

Abstract

The sources of inflation are explained by different theoretical approaches in the framework of these theories and their basic assumptions. For this reason, prescriptions presented to reduce inflation are shaped according to the basic assumptions of theories. Naturally, the reasons for the emergence of inflation differ for different periods and countries, so the validity of these theories weakens or strengthens from country to country. From this point of view, a hybrid model has been established by bringing together the basic theories that answer the causes of inflation in our study. The study was conducted for the period 2005-2018 in Turkey NUTS-2 regions. One of the most important points that distinguishes the study from other studies is that it is a regional analysis with a panel dataset consisting of 26 regions and 14 years. According to the results, the general level of prices in Turkey is affected by the three channels including monetary policy, fiscal policy within the framework of FTPL, and real wages. However, the monetary policy stands out as the dominant regime affecting the general level of prices.

Suggested Citation

  • Şanlı, Devran & Gülbay Yiğiteli, Nadide, 2020. "Türkiye’de enflasyonun belirleyicilerine dair bölgesel bir analiz 2005-2018 [Regional analysis of the causes inflation in Turkey 2005-2018]," MPRA Paper 122699, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122699
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Inflation; FTPL; Monetary Policy; Wage-Price Spiral;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • 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
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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