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Dergiler / Anadolu Üniversitesi Sosyal Bilimler Dergisi / 2026 / Cilt: 21 Sayı: 2

The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review

Dila Asfuroğlu(BAHÇEŞEHİR ÜNİVERSİTESİ)
Sayfa
483–504
Yayın Tarihi
2021-06-29
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Lastly, the importance of domestic determinants in understanding inflation has shifted towards external ones implying a greater role for global determinants in the last two decades.

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:A vast literature exists on the determinants of inflation in developed countries whereas the one in emerging markets and developing countries has gained attention at the beginning of 1990s.
📊
Temel Bulgular & Veri:In this respect, the current paper overviews the empirical studies in order to provide underlying knowledge and common facts on this topic that are valuable for further research and policymakers.
💡
Sonuç & Katkı:Lastly, the importance of domestic determinants in understanding inflation has shifted towards external ones implying a greater role for global determinants in the last two decades.
🔬Tür:Derleme
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Inflation · Money Growth Rate · Interest Rate

Özet

A vast literature exists on the determinants of inflation in developed countries whereas the one in emerging markets and developing countries has gained attention at the beginning of 1990s. In this respect, the current paper overviews the empirical studies in order to provide underlying knowledge and common facts on this topic that are valuable for further research and policymakers. The patterns emerge from the results of the existing literature can be summarized as follows. First, inflation is mainly a monetary phenomenon either due to direct or indirect drivers in these countries. However, the significance of the effects from the monetary aggregates are dependent on the countries and periods under study. Secondly, inflation persistence is a major determinant in explaining inflation, suggesting a backward-looking behavior in inflation dynamics for these countries. Lastly, the importance of domestic determinants in understanding inflation has shifted towards external ones implying a greater role for global determinants in the last two decades.

🔖

Bu Makaleye Atıf Yap

Asfuroğlu, D. (2021). The Determinants of Inflation in Emerging Markets and Developing Countries: A Literature Review. Anadolu Üniversitesi Sosyal Bilimler Dergisi, Cilt: 21 Sayı: 2, 483–504. https://doi.org/10.18037/ausbd.959251

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