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Journals / İzmir İktisat Dergisi / 2012 / Cilt: 27 - Sayı: 1

ESTIMATING NONACCELERATING INFLATION RATE OF UNEMPLOYMENT (NAIRU) FOR TURKEY

TÜRKİYE İÇİN ENFLASYONU HIZLANDIRMAYAN İŞSİZLİK ORANI (NAIRU) TAHMİNİ

M. SİNAN TEMURLENK
SELİM BAŞAR
Pages
71–83
Publication Date
2012-06-25
DOI
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AI Summary & Key Takeaways

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

NAIRU rate estimated in this study is higher from OECD average calculated by Turner et al. (2001).

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this paper, time varying NAIRU (non-accelerating inflation rate of unemployment) is estimated with Kalman filter approach using model similar to Gordon’s (1997) triangle model for Turkey.
📊
Key Findings & Data:NAIRU estimates are obtained not much volatile for the estimation period 2000:1–2007:4.
💡
Conclusion & Impact:NAIRU rate estimated in this study is higher from OECD average calculated by Turner et al. (2001).
🔬Design:Modeling & Simulation
📍Scope:2000 Verileri
⚙️Variables:Gordon’un üçlü Modeli · NAIRU · Gordon’s Triangle Model

Abstract

In this paper, time varying NAIRU (non-accelerating inflation rate of unemployment) is estimated with Kalman filter approach using model similar to Gordon’s (1997) triangle model for Turkey. NAIRU estimates are obtained not much volatile for the estimation period 2000:1–2007:4. NAIRU rate estimated in this study is higher from OECD average calculated by Turner et al. (2001).

Özet

Bu çalışmada Türkiye için Gordon’un (1997) üçlü modeline benzer bir model kullanılarak Kalman filtresi yaklaşımıyla zamanla değişen NAIRU (enflasyonu hızlandırmayan işsizlik oranı) tahmini yapılmaktadır. Araştırma dönemi (2000:1–2007:4) için fazla dalgalanmayan bir NAIRU tahmini elde edilmiştir. Çalışmadan elde edilen NAIRU değerleri Turner vd. (2001) tarafından hesaplanan OECD ortalamalarından yüksektir.

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Cite This Article

TEMURLENK, M. S., BAŞAR, S. (2012). ESTIMATING NONACCELERATING INFLATION RATE OF UNEMPLOYMENT (NAIRU) FOR TURKEY. İzmir İktisat Dergisi, Cilt: 27 - Sayı: 1, 71–83. https://ajindex.com/articles/30081

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