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Journals / BDDK Bankacılık ve Finansal Piyasalar Dergisi / 2013 / Cilt: 7 - Sayı: 2

The relationship between ınflation and ınflation uncertainty under different monetary policy regimes

Farklı para politikası rejimlerinde enflasyon belirsizliği ve enflasyon ilişkisi

Bülent DOĞRU
Pages
77–99
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Furthermore, in Turkey for each monetary policy regimes in the short-term inflation uncertainty plays a role in increasing inflation in Turkey.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The purpose of this study is to analyze the relationship inflation and inflation uncertainty of Turkey for four different monetary policy regimes using EGARCH and Granger causality methods over 1990: 1-2012: 12.
📊
Key Findings & Data:The econometric findings suggest that the hyothesis that high inflation reduces inflation uncertainty is strongly supported both for short and long- term in Turkey for the time period 1990 and 2012.
💡
Conclusion & Impact:Furthermore, in Turkey for each monetary policy regimes in the short-term inflation uncertainty plays a role in increasing inflation in Turkey.
🔬Design:Research Article
📍Scope:2012 Verileri
⚙️Variables:Domain Parameters

Abstract

The purpose of this study is to analyze the relationship inflation and inflation uncertainty of Turkey for four different monetary policy regimes using EGARCH and Granger causality methods over 1990: 1-2012: 12. In this study, the monthly logarithmic difference of the Consumer Price Index (CPI) used. The econometric findings suggest that the hyothesis that high inflation reduces inflation uncertainty is strongly supported both for short and long- term in Turkey for the time period 1990 and 2012. Furthermore, in Turkey for each monetary policy regimes in the short-term inflation uncertainty plays a role in increasing inflation in Turkey.

Özet

Bu çalışmanın amacı enflasyon ve enflasyon belirsizliği arasındaki ilişkiyi 1990:1-2012:12 periyodunda dört farklı para politikası rejimi için EGARCH ve Granger nedensellik yöntemlerini kullanarak Türkiye için analiz etmektir. Çalışmada kullanılan enflasyon verileri aylık Tüketici Fiyat Endeksi (TÜFE)’nin logaritmik farkıdır. Elde edilen ekonometrik bulgulara göre Türkiye’de 1990 ve 2012 arası dönemde yüksek enflasyonun enflasyon belirsizliğini azaltacağı hipotezi hem kısa hem de uzun dönemde güçlü bir şekilde desteklenmektedir. Ayrıca Türkiye’de uygulanan para politikası rejimleri değişse de kısa vadede enflasyon belirsizliği her rejimde enflasyonu artırıcı bir rol oynamaktadır.

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Cite This Article

DOĞRU, B. (2013). The relationship between ınflation and ınflation uncertainty under different monetary policy regimes. BDDK Bankacılık ve Finansal Piyasalar Dergisi, Cilt: 7 - Sayı: 2, 77–99. https://ajindex.com/articles/144686

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