Central Bank of the Republic of Turkey

Displaying 1-5 of 5 results

  • White Papers // Feb 2011

    Direct Vs. Indirect Measures Of Inflation Expectations

    This paper compares the indirect measure of inflation expectations derived by Ireland (1996) to the direct measures obtained from expectations surveys in two case studies: the US and Turkey. The authors' results show that the inflation bounds calculated for US data are more volatile than survey results, and are too...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Jul 2010

    A New Core Inflation Indicator For Turkey

    This paper has two main objectives. The first objective is to propose a new indicator of core inflation, which is obtained by idiosyncratic dynamics and cleaning month on month relative price fluctuations from overall price changes. The authors use a factor model with the subcomponents of CPI inflation to extract...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Dec 2009

    Turkish Experience With Implicit Inflation Targeting

    This paper describes the challenges faced during the implementation of implicit inflation targeting in Turkey and evaluates the transition process to full-fledged inflation targeting. Using this background, the paper draws lessons for similar countries considering inflation targeting as a monetary policy regime. The authors argue that, the strategy of starting...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Sep 2009

    Wealth Distribution And Social Security Reform In An Economy With Entrepreneurs

    This paper analyzes the effects of removing the unfunded social security in an economy where entrepreneurs play a critical role in replicating the dispersion of wealth observed in the U.S. data. The quantitative findings reveal that the wealth Gini falls from 0:804 to 0:521 indicating a more equal distribution of...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Mar 2009

    Design And Evaluation Of Core Inflation Measures For Turkey

    This paper analyzes core inflation concept for Turkey from the perspective of design and evaluation. To the authors' best knowledge, this is the first paper to evaluate the performance of the core inflation measures for Turkey. They first define and calculate new core inflation indicators using the disaggregated price data...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Mar 2009

    Design And Evaluation Of Core Inflation Measures For Turkey

    This paper analyzes core inflation concept for Turkey from the perspective of design and evaluation. To the authors' best knowledge, this is the first paper to evaluate the performance of the core inflation measures for Turkey. They first define and calculate new core inflation indicators using the disaggregated price data...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Jul 2010

    A New Core Inflation Indicator For Turkey

    This paper has two main objectives. The first objective is to propose a new indicator of core inflation, which is obtained by idiosyncratic dynamics and cleaning month on month relative price fluctuations from overall price changes. The authors use a factor model with the subcomponents of CPI inflation to extract...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Dec 2009

    Turkish Experience With Implicit Inflation Targeting

    This paper describes the challenges faced during the implementation of implicit inflation targeting in Turkey and evaluates the transition process to full-fledged inflation targeting. Using this background, the paper draws lessons for similar countries considering inflation targeting as a monetary policy regime. The authors argue that, the strategy of starting...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Feb 2011

    Direct Vs. Indirect Measures Of Inflation Expectations

    This paper compares the indirect measure of inflation expectations derived by Ireland (1996) to the direct measures obtained from expectations surveys in two case studies: the US and Turkey. The authors' results show that the inflation bounds calculated for US data are more volatile than survey results, and are too...

    Provided By Central Bank of the Republic of Turkey

  • White Papers // Sep 2009

    Wealth Distribution And Social Security Reform In An Economy With Entrepreneurs

    This paper analyzes the effects of removing the unfunded social security in an economy where entrepreneurs play a critical role in replicating the dispersion of wealth observed in the U.S. data. The quantitative findings reveal that the wealth Gini falls from 0:804 to 0:521 indicating a more equal distribution of...

    Provided By Central Bank of the Republic of Turkey