DETERMINANTS OF INFLATION IN TURKEY AMID ECONOMIC AND GEOPOLITICAL TURMOIL

Burcu Yürük; Ali Akgül

Makale detayları

DETERMINANTS OF INFLATION IN TURKEY AMID ECONOMIC AND GEOPOLITICAL TURMOIL

Yazarlar:

Burcu Yürük | Ali Akgül

Yayıncı:

Bandirma Onyedi Eylul University

Ana Başlıklar:

Politika ve Yönetim (Diğer)

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 3, pp.221-238

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001329080

pISSN:

2148-029X

Anahtar kelimeler:

Özet:

 This study aims to investigate the factors influencing inflation in Turkey between 2006:1-2023:11, taking into account the structural changes that occurred during periods of significant economic, political and geopolitical turmoils. For this purpose, we employ the Hacker and Hatemi-J 2006 bootstrap causality test along with the Fourier Toda-Yamamoto bootstrap causality to capture structural changes. Our findings indicate that when structural changes are taken into account, the drivers of inflation are monetary factors such as the money supply and exchange rate. Furthermore, an exogenous factor such as the oil prices is not a determinant of inflation, suggesting that inflation is a domestic factor. Given these findings, the study emphasizes the importance of strong and stable monetary policies in Turkey to control inflation and achieve price stability.

 This study aims to investigate the factors influencing inflation in Turkey between 2006:1-2023:11, taking into account the structural changes that occurred during periods of significant economic, political and geopolitical turmoils. For this purpose, we employ the Hacker and Hatemi-J 2006 bootstrap causality test along with the Fourier Toda-Yamamoto bootstrap causality to capture structural changes. Our findings indicate that when structural changes are taken into account, the drivers of inflation are monetary factors such as the money supply and exchange rate. Furthermore, an exogenous factor such as the oil prices is not a determinant of inflation, suggesting that inflation is a domestic factor. Given these findings, the study emphasizes the importance of strong and stable monetary policies in Turkey to control inflation and achieve price stability.

 This study aims to investigate the factors influencing inflation in Turkey between 2006:1-2023:11, taking into account the structural changes that occurred during periods of significant economic, political and geopolitical turmoils. For this purpose, we employ the Hacker and Hatemi-J 2006 bootstrap causality test along with the Fourier Toda-Yamamoto bootstrap causality to capture structural changes. Our findings indicate that when structural changes are taken into account, the drivers of inflation are monetary factors such as the money supply and exchange rate. Furthermore, an exogenous factor such as the oil prices is not a determinant of inflation, suggesting that inflation is a domestic factor. Given these findings, the study emphasizes the importance of strong and stable monetary policies in Turkey to control inflation and achieve price stability.

 This study aims to investigate the factors influencing inflation in Turkey between 2006:1-2023:11, taking into account the structural changes that occurred during periods of significant economic, political and geopolitical turmoils. For this purpose, we employ the Hacker and Hatemi-J 2006 bootstrap causality test along with the Fourier Toda-Yamamoto bootstrap causality to capture structural changes. Our findings indicate that when structural changes are taken into account, the drivers of inflation are monetary factors such as the money supply and exchange rate. Furthermore, an exogenous factor such as the oil prices is not a determinant of inflation, suggesting that inflation is a domestic factor. Given these findings, the study emphasizes the importance of strong and stable monetary policies in Turkey to control inflation and achieve price stability.

Makale detayları

DETERMINANTS OF INFLATION IN TURKEY AMID ECONOMIC AND GEOPOLITICAL TURMOIL

Yazarlar:

Burcu Yürük | Ali Akgül

Yayıncı:

Bandirma Onyedi Eylul University

Ana Başlıklar:

Politika ve Yönetim (Diğer)

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 3, pp.221-238

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001329080

pISSN:

2148-029X

Inflation

Monetary Policy

Oil Prices

Minimum Wage

Fourier Causality Test.

Sayı

Makale detayları

DETERMINANTS OF INFLATION IN TURKEY AMID ECONOMIC AND GEOPOLITICAL TURMOIL

Yazarlar: Burcu Yürük | Ali Akgül

Yayıncı: Bandirma Onyedi Eylul University

Ana Başlıklar: Politika ve Yönetim (Diğer)

Dergi: Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 3, pp.221-238

Belge Tipi: Makale

Yayın Tarihi: 3/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001329080

pISSN: 2148-029X

Inflation

Monetary Policy

Oil Prices

Minimum Wage

Fourier Causality Test.

Sayı

Yazarlar:

Burcu Yürük | Ali Akgül

Yayıncı:

Bandirma Onyedi Eylul University

Ana Başlıklar:

Politika ve Yönetim (Diğer)

Dergi:

Yönetim ve Ekonomi Araştırmaları Dergisi Vol.22 Issue 3, pp.221-238

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001329080

pISSN:

2148-029X