How Oil Prices Drive Inflation in Turkish Economy: Two Different Channels

Bilgin BARİ; Zafer ADALI

doi:https://doi.org/10.25295/fsecon.786956

Makale detayları

How Oil Prices Drive Inflation in Turkish Economy: Two Different Channels

Yazarlar:

Bilgin BARİ | Zafer ADALI

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Sosyal Bilimler

Dergi:

Fiscaoeconomia 2020 Vol.4 Issue 3, pp.705-721

Belge Tipi:

Makale

Yayın Tarihi:

9/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000710531

Sıklık:

Üç Yıllık

eISSN:

2564-7504

DOI:

https://doi.org/10.25295/fsecon.786956

Özet:

 

This study analyzes the impact of changes in oil prices on consumer inflation in Turkey. We compare the effects of the changes in crude oil and gasoline prices on the consumer prices. These effects differ symmetrically and asymmetrically for the period 2009:01-2020:04. For this purpose, inflationary effects are estimated using linear and non-linear ARDL models. According to the findings, changes in both oil and fuel prices have asymmetric effects on inflation in the short run. Both models explain the changes in consumer inflation with the increases in oil prices in the long run. The result indicates that the decreases in oil prices are not taken into account in pricing decisions.

Makale detayları

How Oil Prices Drive Inflation in Turkish Economy: Two Different Channels

Yazarlar: Bilgin BARİ | Zafer ADALI

Yayıncı: Ahmet Arif EREN

Ana Başlıklar: Sosyal Bilimler

Dergi: Fiscaoeconomia 2020 Vol.4 Issue 3, pp.705-721

Belge Tipi: Makale

Yayın Tarihi: 9/2020

Belge Dili: İngilizce

Document ID (Org No.): 2000710531

Sıklık: Üç Yıllık

eISSN: 2564-7504

DOI: https://doi.org/10.25295/fsecon.786956

Sayı

Yazarlar:

Bilgin BARİ | Zafer ADALI

Yayıncı:

Ahmet Arif EREN

Ana Başlıklar:

Sosyal Bilimler

Dergi:

Fiscaoeconomia 2020 Vol.4 Issue 3, pp.705-721

Belge Tipi:

Makale

Yayın Tarihi:

9/2020

Belge Dili:

İngilizce

Document ID (Org No.):

2000710531

Sıklık:

Üç Yıllık

eISSN:

2564-7504

DOI:

https://doi.org/10.25295/fsecon.786956