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Inflation and output in the long and short run in Turkey

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dc.contributor.authorYilmaz, Ensar
dc.date.accessioned2026-06-27T12:51:56Z
dc.date.issued2010
dc.description.abstractThis paper firstly discusses the impact of inflation on real output in different theoretical models and then investigates this impact empirically in an economy facing persistent high inflation. We find some evidence of Sidrauski's (Am Econ Rev 57:534-544, 1967) superneutrality of money for Turkey in the long run. However, it seems that inflation affects real output negatively in the short run. These results are more compatible with a class of utility functions in which real money balances and consumption are perfect complements as Asako (Econometrica 51(5):1593-1596, 1983) elucidates.en
dc.description.urihttps://doi.org/10.1007/s10663-009-9106-7
dc.identifier.doi10.1007/s10663-009-9106-7
dc.identifier.eissn1573-6911
dc.identifier.endpage269
dc.identifier.issn0340-8744
dc.identifier.issue3
dc.identifier.startpage253
dc.identifier.urihttps://hdl.handle.net/20.500.14981/47609
dc.identifier.volume37
dc.identifier.wos000208486800002
dc.language.isoeng
dc.publisherSPRINGER
dc.relation.ispartofEMPIRICA
dc.subjectInflation
dc.subjectGrowth
dc.subjectSuperneutrality
dc.subjectMONEY
dc.subjectDEMAND
dc.subjectBusiness & Economics
dc.titleInflation and output in the long and short run in Turkey
dc.typeArticle
dspace.entity.typePublication
local.import.sourceWOS

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