Nonlinearity and structural stability in the Phillips curve: Evidence from Turkey

In this paper, we investigate possible nonlinearities in the inflation–output relationship in Turkey for the 1980–2008 period. We first estimate a linear bivariate model for the inflation rate and output gap, and test for linearity of the estimated model against nonlinear alternatives. Linearity tes...

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Veröffentlicht in:	Economic modelling 2010-09, Vol.27 (5), p.1103-1115
Hauptverfasser:	Hasanov, Mübariz, Araç, Ayşen, Telatar, Funda
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic models Estimating techniques Inflation Inflation rate Non-linear models Nonlinearity Output rate Phillips curve Phillips curve Nonlinearity Structural stability Regression analysis Structural stability Studies Time series Turkey
Online-Zugang:	Volltext
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