Inflationary Effects of Oil Prices in Turkey: A Regime-Switching Approach

This paper investigates the existence of oil pass-through to inflation for Turkey covering the period February 1996-May 2007. Oil price-augmented Phillips curves are estimated with linear and Markov regime-switching models. Markov regime-switching models reveal the asymmetric structure of oil pass-t...

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Veröffentlicht in:	Emerging markets finance & trade 2011-09, Vol.47 (5), p.125-140
Hauptverfasser:	Çatik, A. Nazif, Önder, A. Özlem
Format:	Artikel
Sprache:	eng
Schlagworte:	Core inflation Crude oil prices Economic crises Economic indicators Economic inflation Economic models Emerging markets Finance Inflation Inflation shocks Macroeconomics Markov analysis Markov regime-switching models Oil prices oil shocks Output gaps pass-through Phillips curve Studies Trade finance
Online-Zugang:	Volltext
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