Inflation dynamics in Turkey have been notoriously volatile for several decades. Starting the 1970 decade, inflation rates frequently reached three digit levels, remained high until 2000 and decreased to relatively low levels after 2001 as a consequence of series reforms. Considering alternating behavior Turkey, purpose this work is utilize different specifications, including time-varying trend...

-40.0 -20.0 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 Food Price Index in USD -annualIndex Trend Cycle -40 -20 0 20 40 60 80 100 120 Food Price Index in SDR -annualIndex Trend Cycle By Eugenio Díaz-Bonilla, Inter-American Development Bank Juan Francisco Ron, Inter-American Development Bank Issue Paper No. 28 ICTSD Programme on Agricultural Trade and Sustainable Development November ...

In an unobserved components framework of US output trend and cycle, this paper seeks to determine the causal interaction between permanent and transitory innovations. For the purpose of identification, strategies of augmenting the cyclical dynamics as well as allowing for shifts in volatility are proposed. In the early 1980s, substantial predominance of cycle shocks gives way to strong negative...