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Dergiler / Central Bank Review / 2019 / Cilt: 19 - Sayı: 2

Measuring inflation uncertainty in Turkey

Eda GULSEN
Hakan KARA
Sayfa
33–43
DOI
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⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

Moreover, we find that an increase in observed inflation is associated with higher inflation uncertainty across all empirical specifications.

📌 3 Maddede Bu Makale

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Amaç & Hipotez:Measuring and monitoring inflation uncertainty is an essential ingredient of monetary policy analysis.
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Temel Bulgular & Veri:This study constructs survey measures of inflation uncertainty for the Turkish economy.
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Sonuç & Katkı:Moreover, we find that an increase in observed inflation is associated with higher inflation uncertainty across all empirical specifications.
🔬Tür:Uygulamalı Anket & Alan Araştırması
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Alan Parametreleri

Özet

Measuring and monitoring inflation uncertainty is an essential ingredient of monetary policy analysis. This study constructs survey measures of inflation uncertainty for the Turkish economy. Using density and point inflation forecasts in the CBRT Survey of Expectations, we derive various uncertainty measures through standard deviation, entropy, and disagreement among forecasters. Our results suggest that survey-based inflation uncertainty measures are broadly consistent with market-implied indicators of inflation risk. Moreover, we find that an increase in observed inflation is associated with higher inflation uncertainty across all empirical specifications.

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Bu Makaleye Atıf Yap

GULSEN, E., KARA, H. (2019). Measuring inflation uncertainty in Turkey. Central Bank Review, Cilt: 19 - Sayı: 2, 33–43. https://ajindex.com/articles/142180

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Kaynakça (2)

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