Effects of global energy and price fluctuations on Turkey's inflation: new evidence

Basit Öğe Kaydı
dc.contributor.authorOzmen, Ibrahim
dc.contributor.authorOzsahin, Serife
dc.date.accessioned2024-02-23T13:56:09Z
dc.date.available2024-02-23T13:56:09Z
dc.date.issued2023
dc.departmentNEÜen_US
dc.description.abstractThis study explores the time-varying effect of global energy price and non-energy price changes on domestic inflation in Turkey using monthly data from January 2003 to February 2022. There is significant evidence of full-sample causality from global and non-energy prices to domestic inflation. Time-varying causality findings show that global energy and non-energy prices have a strong time-stamp effect on domestic inflation. In addition to this, the threshold findings show that energy and non-energy prices differ at the time of domestic inflation in a nonlinear relationship. The multi-structural break test findings clearly indicate energy and non-energy price break date collinearity with Turkey's inflation. Time-varying causality findings provide evidence that energy prices-the first wave-and non-energy prices-the second wave-create two waves on domestic consumer prices. However, this does not seem to be the only problem policymakers have to overcome in the fight against domestic inflation, because both price indices are effective through Turkey's currency channel.en_US
dc.identifier.doi10.1007/s10644-023-09530-8
dc.identifier.endpage2728en_US
dc.identifier.issn1573-9414
dc.identifier.issn1574-0277
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85162900275en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage2695en_US
dc.identifier.urihttps://doi.org/10.1007/s10644-023-09530-8
dc.identifier.urihttps://hdl.handle.net/20.500.12452/11089
dc.identifier.volume56en_US
dc.identifier.wosWOS:001015980300001en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofEconomic Change And Restructuringen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectGlobal Energy Priceen_US
dc.subjectNon-Energy Priceen_US
dc.subjectDomestic Inflationsen_US
dc.subjectTime-Varying Causalityen_US
dc.subjectNonlinear Estimatorsen_US
dc.titleEffects of global energy and price fluctuations on Turkey's inflation: new evidenceen_US
dc.typeArticleen_US

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