Globalization and flattening of Phillips Curve in Turkey between 1987 and 2007
Küçük Resim Yok
Tarih
2012
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
ELSEVIER SCIENCE BV
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
In the last two decades, there have been important changes in inflation dynamics in Turkey. While average inflation rate, inflation volatility and inflation persistence declined, the prices of tradable goods have shown an increase less than prices of non-tradable goods. The aim of this paper is to inquire whether the globalization has an effect on this change and to test whether and how it affected the slope of the Phillips Curve. The findings point out that global activity did have an effect on domestic inflation rate and that Phillips Curve got flatter. (C) 2012 Elsevier B.V. All rights reserved.
Açıklama
Anahtar Kelimeler
Monetary policy, Globalization, Phillips Curve, Turkish economy
Kaynak
ECONOMIC MODELLING
WoS Q Değeri
Q3
Scopus Q Değeri
Q1
Cilt
29
Sayı
5
