The causal linkage between inflation and inflation uncertainty under structural breaks: Evidence from Turkey
Yazarlar (4)
Nıcholas Apergıs
University Of Derby
University Of Derby
Prof. Dr. Ümit BULUT Kırşehir Ahi Evran Üniversitesi, Türkiye
Prof. Dr. Gülbahar ÜÇLER Kırşehir Ahi Evran Üniversitesi, Türkiye
Şerife Özşahin Necmettin Erbakan Üniversitesi, Türkiye
| Makale Türü | Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale) | ||
| Dergi Adı | The Manchester School (Q3) | ||
| Dergi ISSN | 1463-6786 Wos Dergi Scopus Dergi | ||
| Dergi Tarandığı Indeksler | SSCI | ||
| Makale Dili | İngilizce | Basım Tarihi | 01-2021 |
| Kabul Tarihi | 12-04-2026 | Yayınlanma Tarihi | – |
| Cilt / Sayı / Sayfa | 89 / 3 / 259–275 | DOI | 10.1111/manc.12361 |
| Makale Linki | http://dx.doi.org/10.1111/manc.12361 | ||
| Özet |
| The goal of this paper is to examine the relationship between inflation and inflation uncertainty for Turkey through monthly data spanning the period 2004:01–2019:12. To this end, the paper first builds the inflation uncertainty series using inflation data. Second, it examines the cointegration relationship between inflation and inflation uncertainty. Finally, it searches for causal relationships between inflation and inflation uncertainty. The paper employs econometric methods which explicitly consider structural breaks. After examining the inflation–inflation uncertainty nexus for the whole sample, the analysis also investigates this relationship in two subperiods, i.e., 2004:5–2010:10 and 2010:11:2019:12 considering the change in the monetary policy framework of the Central Bank of the Republic of Turkey (CBRT). The findings provide evidence that there exists unidirectional causality running from inflation to inflation … |
| Anahtar Kelimeler |
| inflation | inflation uncertainty | new causality test | structural breaks | Turkey |
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| Google Scholar | 21 |
| Scopus | 3 |
| Web of Science | 6 |