A Cointegration Analysis of Alternative Core Inflation Measures for Turkey

Sakarya, Burchan and Yurtoglu, Hasan and Duvan, Berke (1999): A Cointegration Analysis of Alternative Core Inflation Measures for Turkey. Published in: State Planning Organization Working Paper Series No. 1999-03

Abstract

First off, we conduct a cointegration analysis for alternative core inflation measures offered by Cihan and Malatyalı (1999) on total inflation of Turkey. We observe that while some measures display the desired properties some do not. However, all those series display strong common deterministic trend. Additionally, we have tested the alternative measures of core inflation against the money growth.

• Item Type: MPRA Paper
• Language: English
• Keywords: Inflation, Monetary Policy
• Subjects: E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy

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