| Proje Ekibi |
Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye Projedeki Rolü: Yürütücü |
| Proje Türü | Yükseköğretim Kurumları Tarafından Destekli Bilimsel Araştırma Projesi |
| Proje No | IIB.E2.17.003 |
| Proje Konusu | This paper aims at examining the causal relationships between inflation expectations and oil prices using monthly data from April 2006 to August 2016 in Turkey. To this end, the paper first performs a unit root test with two structural breaks. Then, the paper employs the asymmetric Granger causality test. The asymmetric Granger causality test yields that both increases and decreases in oil prices reduce inflation expectations in Turkey. Upon its findings, the paper asserts that the decision makers and experts in Turkey should closely follow oil prices and should be aware of that increases in oil prices may have inflationary effects. Hence the paper concludes the decision makers and experts can help the CBRT to achieve inflation target if they consider the inflationary effects of rises in oil prices. |
| Proje Durumu | Tamamlandı |
| Başlangıç Tarihi | 06-04-2017 |
| Bitiş Tarihi | 06-06-2017 |
