Nonlinear and Asymetric Pass-through Effect of Crude Oil Prices onto the Inflation
Yazarlar (1)
Prof. Dr. Utku ALTUNÖZ Sinop Üniversitesi, Türkiye
| Makale Türü | Özgün Makale (ESCI dergilerinde yayınlanan tam makale) | ||
| Dergi Adı | OPEC Energy Review | ||
| Dergi ISSN | 1753-0229 Dergi Bilgileri (2022) | ||
| Dergi Tarandığı Indeksler | Scopus | ||
| Makale Dili | İngilizce | Basım Tarihi | 02-2022 |
| Cilt / Sayı / Sayfa | 46 / 1 / 31–46 | DOI | 10.1111/opec.12221 |
| Makale Linki | https://onlinelibrary.wiley.com/doi/10.1111/opec.12221 | ||
| UAK Araştırma Alanları |
Enflasyon
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| Özet |
| This paper examines pass‐through of crude oil prices on consumer prices index (CPI) and producer prices index (PPI) in Turkey in the augmented Phillips curve context by applying ARDL (autoregressive distributed lag) and NARDL (non‐linear ARDL) models. The results show that the effects of volatility in crude oil prices to Turkey’s consumer price index and producer prices index are not symmetrical in the long run. The long‐term effects of the increase in international oil prices consumer price index and producer prices index are higher than the case where international oil prices show reduction. When compared to ARDL model, NARDL model reveals more significant results that are required to consider the asymmetry effect of international oil prices to consumer price index. Moreover, if crude oil prices rise, both indices are affected differently. Therefore, economic authorities in Turkey should adopt different … |
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| Web of Science | 9 |
| Scopus | 11 |
| Google Scholar | 21 |