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Journals / JOEEP: Journal of Emerging Economies and Policy / 2026 / Cilt: 11 Sayı: 1

Inflation Dynamics in D-8 Countries: Evidence from Panel Quantile Regression (2000–2024)

D-8 Ülkelerinde Enflasyon Dinamikleri: Panel Kantil Regresyon Analizinden Kanıtlar (2000–2024)

Zehra Yalnız0000-0003-2633-2022
Figen Büyükakın(KOCAELI UNIVERSITY)0000-0002-0226-7265
Pages
208–228
Publication Date
2026-06-25
DOI
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AI Summary & Key Takeaways

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

The results indicate that exchange rate movements exert a strong and statistically significant impact in lower and middle inflation quantiles, highlighting the importance of exchange rate pass-through.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Inflation dynamics in the D-8 countries are analyzed over the period 2000–2024, with a focus on the role of macroeconomic determinants across different inflation regimes.
📊
Key Findings & Data:Inflation is proxied by the consumer price index, while explanatory variables include money supply, government expenditure, external debt, GDP per capita, the real effective exchange rate, and unemployment.
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Conclusion & Impact:The results indicate that exchange rate movements exert a strong and statistically significant impact in lower and middle inflation quantiles, highlighting the importance of exchange rate pass-through.
🔬Design:Araştırma Makalesi
📍Scope:2000–2024 Verileri
⚙️Variables:Enflasyon · Panel Kantil Regresyon · D-8 Ülkeleri

Abstract

Inflation dynamics in the D-8 countries are analyzed over the period 2000–2024, with a focus on the role of macroeconomic determinants across different inflation regimes. Inflation is proxied by the consumer price index, while explanatory variables include money supply, government expenditure, external debt, GDP per capita, the real effective exchange rate, and unemployment. The results indicate that exchange rate movements exert a strong and statistically significant impact in lower and middle inflation quantiles, highlighting the importance of exchange rate pass-through. GDP per capita shows a consistently positive effect across most quantiles, suggesting demand-driven pressures. The findings reveal that inflation dynamics in D-8 economies vary across inflation regimes and underscore the importance of adopting context-specific policy approaches rather than uniform policy prescriptions.

Özet

Bu çalışma, D-8 ülkelerinde enflasyon dinamiklerini 2000–2024 dönemi için panel kantil regresyon yöntemiyle incelemektedir. Enflasyon tüketici fiyat endeksi ile temsil edilirken, açıklayıcı değişkenler para arzı, kamu harcamaları, dış borç, kişi başına GSYH, reel efektif döviz kuru ve işsizlik oranından oluşmaktadır. Bulgular, döviz kuru hareketlerinin düşük ve orta enflasyon kantillerinde güçlü ve anlamlı etkiler yarattığını göstermektedir. Kişi başına GSYH çoğu kantilde pozitif etki gösterirken, kamu harcamaları ve işsizlik daha çok yüksek enflasyon rejimlerinde anlamlıdır. Sonuçlar, D-8 ülkelerinde enflasyonla mücadelede tek tip politikalar yerine rejime özgü yaklaşımların gerekli olduğunu ortaya koymaktadır.

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Cite This Article

Yalnız, Z., Büyükakın, F. (2026). Inflation Dynamics in D-8 Countries: Evidence from Panel Quantile Regression (2000–2024). JOEEP: Journal of Emerging Economies and Policy, Cilt: 11 Sayı: 1, 208–228. https://ajindex.com/articles/1504069

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