SEARCHING FOR THE OPTIMAL LEVEL: INFLATION AND PRICE VARIABILITY IN TURKEY
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Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
World Scientific Publ Co Pte Ltd
Access Rights
info:eu-repo/semantics/closedAccess
Abstract
This paper explores the relationship between inflation and relative price variability (RPV) in Turkey for the period 2004-2017 to shed further light on the issue with relatively recent data. For this purpose, we use monthly price data for 12 main item groups and 414 specific items thereof. Analyses show that RPV for the period of interest exhibits large fluctuations, being particularly salient in the categories of communications and food. Regarding the underlying functional form, semi-parametric estimation results indicate a U-shaped relationship between inflation and RPV, where the latter reaches its minimum at an inflation level close to 8%.
Description
Keywords
Relative Price Variability, İnflation, Semi-Parametric Regression, Dispersion, Costs
Journal or Series
Singapore Economic Review
WoS Q Value
N/A
Scopus Q Value
Q3
Volume
68
Issue
1
